Market Analysis of Bitcoin on Friday, May 21, 2021

2021-05-21 15:05Source:BtcDana

BITCOIN


The global market value is $1,878.051 billion, with a 24H increase of +10.41%, and a 7-day increase of -24.64%. Among them, the market value of BTC is $756.08 billion, accounting for 40.25% of the global market value, and the price is $40,500 (+9.32%). Goldman Sachs CEO: Bitcoin market value will eventually Higher than gold. 21 Finance: The Bitcoin bubble is the result of excessive liquidity released by the Federal Reserve. From a technical point of view, Bitcoin's daily line has rebounded to a certain extent, and the perfect forecast was that it would go up 42000 points to stop rising. The daily rebound is weak, and the indicators continue to be bearish. The probability of oscillating within the H4 graph continuous range is relatively large, and the double top of M head is suppressed in H4 graph, and the indicator is bearish. Overall prioritise Sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 42500.

 https://asset.ycxfy.com/upload/file/1621526400000/1621584378471.png

Resistance:40800-41800-42500

Support:39000-38000-35000


Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.


More