Market Analysis Bitcoin Friday 23 July 2021

2021-07-23 13:30Source:BtcDana

In Friday's Asian session, Bitcoin continued to strengthen and tested its recent high of 32800 and has yet to weaken again. The current Bitcoin price is 32550. The current Bitcoin price spread over the yearly period is 3.30%, down 1.19% from the previous day, and the 24-hour net cash flow is 553 million US dollars. Survey: 6% of US investors hold Bitcoin and 11% hold gold Data: The average transaction fee for Bitcoin has fallen to US$2, the lowest in almost a year. From a technical perspective, Bitcoin's daily candle is consecutively bullish, and is under resistance from the middle BOLL at around 33000. The 4-hour chart shows the formation of a strengthening V pattern. The MA formed a Golden Cross at the bottom position, the RSI indicator is around 60, and the indicators tends to be bullish. Overall, prioritize buying at low prices within the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 33000


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Resistance:33000-33900-34700

Support:31700-31000-30000


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