Bitcoin (BTC) Su'esu'ega o Tau - Toe Su'esu'e Faiga: Bitcoin Su'e $7300 E Fa'asu'u Fa'alu maualuga

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79% Fa'amanuiaina fua faatatau. O a matou taunuuga o le a faʻafiafiaina oe.

E oʻo atu i le 70 fefaʻatauaʻiga i le masina. E silia ma le 5 paipa o lo'o avanoa.

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TULAFONO

Last week, Bitcoin’s price regains momentum to $7500 on Bitfinex after locating support at $7100, holding over the past week. Though the bullish move is looking realistic; Bitcoin needs to break more key resistance zones before we can confirm a potential reversal above $8000. For now, $7900 is an important resistance to set BTC on a bullish mode.

Bitcoin (BTC) Suʻesuʻega o Tau: 4H Chart - Bullish

Laʻasaga teteʻe autu: $ 7500, $ 7700, $ 7900
Maualuga lagolago tulaga: $ 7100, $ 6800, $ 6500

Bitcoin is captured in a sideways trend over the past weeks. The mid-December drop to $6500 was a retest to the late November drop, although BTC has recovered back above $7000 and now trading around $7355 at the moment. Now, Bitcoin is pulling back near the recent break zone of $7300. If this zone fails to hold, BTC may roll back to $7100 support, where the lower-white horizontal zone lies.

A drive below the lower zone could allow a retest at $6800 and $6500 support, marked red on the chart. On the upside, there are close resistances at $7500 and $7700, where the upper-white horizontal zone lies. The major resistance here lies at $7900, marked green on the 4-hours chart. However, Bitcoin is expected to keep rising as long as the RSI and MACD remain positive.

Bitcoin (BTC) Suʻesuʻega o tau: Siata o itula - Bullish

Bitcoin is following a bullish sentiment on the hourly chart but the price is a bit weak over the last 24-hours. The market is currently sitting on the white rising support line, forming since December 25. Meanwhile, a false break is likely to $7300 – marked blue on the hourly chart. The bears may completely take over if the mentioned price level breaks.

The $7200 and $7100 supports may be exposed to selling pressure once again. However, BTC bulls may soon step back in the market. Reclaiming $7400 and $7500 resistance could trigger more buy to $7600-$7700 area. But looking at the technical indicators, Bitcoin is still looking for a rebound level. We can expect the rally to continue as soon as the pullback ends.

BITCOIN FAI SAINI

Faʻatau ulufale: $ 7304
TP: $ 7500
SL: $ 7277