Technical analysis for Bitcoin
Analysis: Trend Based Time Frame: 4H
Last week or end of last week I have seen that Bitcoin market capital was increased and it was almost 122B. And within 2 days it decreased to 118B.
We all are worry about it because its depends on Bitcoin's future. People are confused about that coin if people again start to invest with bit coin then it will start again to go up.
The current price of this is 6859.780 and hopefully it will go more up and first target is to hit 8K then 11k.
Resistance: 7088, 7445
Support: 6543. 6355
My signal: My suggestion is to Buy with this pair. TP1:8000 SL:6543 TP2:1100 SL:7445
Have a good trade with good profit.