Bitcoin (BTC/USD) Analysis
Key Highlights
BTC’s price is in the consolidation phase between $45,850 and $34,324 with a bullish bias. The pair is trading within a symmetric triangle.
Technical Analysis
Intraday trend – Bullish
On the daily chart, the pair is trading above Tenken-sen ($40,079), Kijun-sen (39,828), and below Ichimoku Kumo cloud ($41,030). It hits a high of $40,957 at the time of writing and is currently trading around $40,769.
Major support is seen at $39,485. A drop below this level…
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