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Category: Bitcoin

Analysis for Bitcoin BTC and other cryptocurrency

Bitcoin

Bitcoin analysis – 45500 support and if it holds then a rise to 50000 and higher

20th August 202120th August 2021Nick

Does 70k loom for Bitcoin (BTC) soon?

Looking at BTC the 2 hour chart has decent looking support at the 45500 level and if this holds then we should see a rise towards the 50000 level in fairly short order. Above this we still look to be on a path to new highs around the 70k level and at this point we may well see another sharp drop.

Bitcoin 45000 support
Bitcoin 45000 support

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I have been successfully trading the financial markets for many years, focussing on the FTSE 100, Dax40, S&P500 and Gold. With experience in a range of markets, strategies and trading, I am offering members access to my research, analysis, strategies and trade plans. Not investment advice.

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