Short term Bitcoin is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Bitcoin. The currency has support at points 84000 and resistance at points 93400. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This confirms the trend. The currency is overall assessed as technically negative for the short term. Recommendation one to six weeks: Negative (Score: -63) Medium term Bitcoin shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The currency has support at points 75000 and resistance at points 93000. The currency is assessed as technically slightly positive for the medium long term. Recommendation one to six months: Weak Positive (Score: 35)
Long term Bitcoin has broken through the floor of a rising trend channel in the long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency has support at points 74000 and resistance at points 107000. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The currency is overall assessed as technically neutral for the long term. Recommendation one to six quarters: Hold (Score: -12)$BTC $GT $ETH
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Short term
Bitcoin is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Bitcoin. The currency has support at points 84000 and resistance at points 93400. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This confirms the trend. The currency is overall assessed as technically negative for the short term.
Recommendation one to six weeks: Negative (Score: -63)
Medium term
Bitcoin shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The currency has support at points 75000 and resistance at points 93000. The currency is assessed as technically slightly positive for the medium long term.
Recommendation one to six months: Weak Positive (Score: 35)
Long term
Bitcoin has broken through the floor of a rising trend channel in the long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency has support at points 74000 and resistance at points 107000. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The currency is overall assessed as technically neutral for the long term.
Recommendation one to six quarters: Hold (Score: -12)$BTC $GT $ETH