BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and stop loss is 53500 level . It can rise towards 74000 level positionally . .Intraday purpose buying is better with stop loss 53500 level expecting intraday targets 58300 , 58500 and 55700 levels respectively .Strong support area is 54000 to 57000 level . Wave 5 can take bitcoin towards 75000 dollar level from this major support .
QUICK FUNDAMENTAL LOOK
Something unusual is definitely on the cards for the Bitcoin (BTC). Experts from a leading crypto analysis agency have discovered that around 75% of Bitcoin has stagnated for the last six months. Glassnode’s Hodl Wave chart has given some severe revelations about Bitcoin hoarding.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.