Suʻesuʻega o Tau Bitcoin: Bitcoin Siʻitia 14% Ina ia Aapa Atu i le $ 7200, Pe mafai ea ona Faʻatumauina Manuia?

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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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TELEGRAM

TULAFONO

• Bitcoin signals fresh rally after breaking out from an ascending triangle on the 4-hours chart
• The next price target for Bitcoin is $8000 if the $7000 level can act as support
• Bitcoin hits $7200 following a 14% increase in a day.

Following yesterday’s rejection at $6635, Bitcoin saw about 5% drops but later found a rebound level at $6170, which is now acting as support for the ongoing increase. Bitcoin is currently trading around $7200 following current breakout. In case Bitcoin fails to hold gain, the price is likely to roll back to $6900

Laʻasaga teteʻe autu: $ 7200, $ 7600, $ 8000
Maualuga lagolago tulaga: $ 6900, $ 6600, $ 6170

Bitcoin (BTC) Suʻesuʻega o Tau: Daily Chart - Bullish

Bitcoin broke above $7000 after witnessing series of rejection around $6900 resistance. Taking a look at the chart, Bitcoin appeared to be starting a fresh increase. In the next few days, the price could hit $8000 level if price remains above the $6900 level. Before then, Bitcoin could encounter resistance at $7600.

In case of a retracement, the support to look out for is $6900. If Bitcoin drops lower, the closest support to watch is $6600 and $6170 support, where the price bounced back yesterday. So far, Bitcoin has shown strength over the past hours. We should expect a more positive movement in the next few days.

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

Since the mid-March crash to $4000 on Bitfinex, Bitcoin has seen a lot of recovery, leaving many supports at $4400, $5880 and $6170 yesterday’s low, circled white on the 4-hours chart. Technically, these bullish footprints show that Bitcoin is stylishly reversing the trend.

Meanwhile, the $6900 resistance, which is a major concern for the bulls for the past three weeks just got broken a few minutes ago. If Bitcoin can close well above this resistance today, the next bullish target would be $7200 resistance, followed by $7600 and perhaps $8000 before the end of the week.

BITCOIN Faʻatau Oloa

Faʻatau: $ 7011
TP: $ 7200
SL: $ 6866