If the pattern breaks up, that is, rising more than the resistance of 51,500 USD and we confirm this breakdown (HAVE TO CONFIRM, ok?!), the target will be around 59 or 60,000 USD.Se o padrão for rompido e confirmado para baixo, então a gente busca a região do fundo anterior, entre 43 e 42 mil USD.
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Bitcoin (BTC) price analysis today, 3/7/21! Bulls forcing a pivot!
As I said above, to make this bullish bottom on the weekly chart and continue the climb, we need a bullish pivot on the daily chart. And the bulls (which is the buying force, which drives the price up) want to classify the level of 46,200 USD as the bullish bottom and form the bullish pivot.
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Bitcoin price analysis today, 3/6/2021. Two OCO formations!
We are forming the bottom fund at the moment, this justifies the low prices that we are seeing. On the Bitcoin daily chart, any fund above 30k (USD) is a rising, normal, necessary and healthy fund. If we stick to that, it is considered a downside fund, and a possible trend reversal. Only in this case, we will go down so much with the price that we will hardly form a new historic top, we will not have strength.
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Jéssica Gonçalves
Luciano Matos