On Wednesday, Bitcoin botttomed and rebounded. The current price is at US$62,780. The market value of Bitcoin reaches $1.16 trillion. Adams was elected mayor of New York, after promising to make New York a Bitcoin hub. Survey: 4% of Americans quit their jobs due to cryptocurrency gains.
From a technical perspective, the daily graph closed by T pattern. The support from MA5 and MA22 at low position was obvious. On H4 graph, Bitcoin continued to operate above middle BOLL Band and remained flat. MACD maintained its trend. Overall, prioritise Buy. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 61600.
Resistance：63500-64300-65500
Support：61600-60800-59500
This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.