Market Analysis of Bitcoin on Tuesday 9 November 2021

2021-11-09 13:30Source:BtcDana

Bitcoin reached an All Time High (ATH) in early trading on Tuesday and the current price is at $68,400. USDT accounts for 51.1% of Bitcoin transactions, and the U.S. dollar accounted for 17.73%, and the scale of cryptocurrency fund asset management reached an all-time high. Russia will amend several legislations to promote the issuance of digital Rubles.


From a technical perspective, the daily graph closed bullish. Bitcoin hit a new high in early morning. Currently there is only bullish signal. On H4 graph, bitcoin rose 75° which indicates the bull trend is strong. Indicators were bullish. 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 67500.

https://asset.onetrader.online/upload/file/1636387200000/1636439191443.jpeg

Resistance:70000-71000-73000

Support:67500-66000-63000


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