My analysis of Bitcoin (April 18)

The bitcoin is already in its third 3D candle to test our main support. Recall that the 3D moving average and the bottom of our uptrend channel converged at this point. This is a very important boundary for the BTC. If it wants to grow further, you should not give it up in any case. Even closing of the 3D candlestick body under the level of 39,600 USD is not acceptable.

The green stripe in the indicator is still green, which once again confirms to us, that the Bitcoin is good for the long. At the moment, the pair BTC /USD is retesting the resistance line of the large inclined Cup with a handle. In January of this year, failed this support. Full working out of the figure should bring the price to the region of 80,000 USD.

That said, we can see that the indicators have bent downward. Bitcoin was never allowed to normally enter the strong growth zone and grow systematically. Therefore, now either a sharp reversal upwards and a good growth, or a failure of support and the beginning of a deep plunge. Now it is a dangerous non-trading zone for Bitk. On the other hand, it could be an ideal entry point into the longs.

In July 2021 they held the 30 000 USD zone for Bitcoin, this time they are trying to hold the 40 000 USD zone. Very soon we will see how well they will cope with this difficult task.

Successful trades to all!

The long may be tried from the area of 38,500 - 39,900 USD. Such an entry area in case of a deep breakout.
A stop at 37,294 USD.
Targets: 40,900 - 42,888 - 46,600 - 50,900 - 55,200 - 61,200 - 68,900 - 78,800 - 83,800 - 91,200 USD.