Bitcoin Analysis
The first chart for analysis this Wednesday is the BTC/USD 6M chart below from entertheroach. BTC’s price is trading between the 0.236 fibonacci level [$16,256.63] and the 0 fib level [$68,788.88], at the time of writing.
This chartist denotes that their opinion is that it’s significantly important for Bitcoin’s price to close the 6 month candle on December 31st above the $16,256 level.
BTC/USD 6M chart: BTC’s price is trading between the 0.236 fibonacci level [$16,256.63] and the 0 fib level [$68,788.88]It’s also interesting and potentially revealing to look at the BTC/USD 1W chart from @TATrader_Alan and the parallel channels outlined below. We can see historically after three bottom hits of the support channel during bear trends that BTC’s price begins its next bull cycle.
The BTC/USD 1W chart outlines the parallel channels
Bitcoin’s Moving Averages: 5-Day [$16,818.95], 20-Day [$17,013.44], 50-Day [$17,823.68], 100-Day [$19,180.61], 200-Day [$24,8
We współpracy z: https://en.cryptonomist.ch/2022/12/28/bitcoin-ethereum-xrp-value-analyses/
