• Cryptocurrencies: 2457
  • Markets: 19883
  • Market Cap: $278734815298.35
  • 24h Vol: $47752912699.021

Where’s Bitcoin Going this Week?

Bitcoin: You are Going to Jump, but to your death or to a temporary Happiness. 

Bitcoin failed to break the $6600 resistance twice over the past two days. During the same period of time, it had 6 troubled attempts to break the $6400 and 4 attempts to break $6500. 

This explains one thing to the Nouvive team, despite the market wanting to break above $6600, theres not enough momentum and volume to cause Bitcoin to go above this. 

Instead, we will see Bitcoin to try one more time to bounce off the trend line at $6,300 to try for the $6583 –

It will fail to break this, before re-testing the $6150 where there is a volume gap and potentially seeing the $6071 line – A Famed resistance of Bitcoin. 

Moreover, on the higher time frames, there is a lot of sells. This with the negative market sentiment to do with the ETF deadline this Wednesday causes Nouvive to recommend a SELL. 

Nouvive awards a SELL FOR BITCOIN. This means you can short. 

If You want to short: Enter a position at just below $6430 with a take profit at below $6150. Increasing Stop Losses as when in Profit. 

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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ViFeed Indicators

Bitcoin (BTC)
$10770.39
63.00 RSI
0.78%
Hold
Ethereum (ETH)
$198.69
35.00 RSI
-0.70%
Buy
XRP (XRP)
$0.28
54.00 RSI
-3.07%
Hold
Bitcoin Cash (BCH)
$320.57
41.00 RSI
-0.19%
Buy
Litecoin (LTC)
$76.03
38.00 RSI
-2.42%
Buy
Binance Coin (BNB)
$28.47
37.00 RSI
-1.15%
Buy
Tether (USDT)
$1
7.00 RSI
-0.17%
Buy
EOS (EOS)
$3.69
25.00 RSI
-1.89%
Buy
Bitcoin SV (BSV)
$143.41
44.00 RSI
2.03%
Buy
Monero (XMR)
$88.3
60.00 RSI
1.91%
Hold