Bitcoin analysis in daily timeframe

According to the 200-day moving average weight indicator, daily volume trading volume , daily trading volume average, uptrend channel , the following information can be extracted:

– After a positive price reaction to the 200-day moving average weight line, the price was able to grow more than 61% in 41 days ($ 26,196)

– The price started its 75-day correction process after registering its $ 69,000 peak and reached the price level of $ 32896 (more than 52% correction) after breaking the 200-day moving average weight.

– The price has been in a good upward channel during the last 73 days (with a slope of 30 degrees) and so far has grown by more than 32% from its price floor and has increased by about $ 10,550.

Conclusion: Considering the above and the fact that in the last 10 days, the price has broken its 200-day moving average weight line twice with Kendall Marobozo and has been above it for 10 days, and a very short distance between them, positive global funds, increasing cryptocurrency acceptance. And other good factors, we can count on the yellow targets written.

As always: don’t forget to manage capital and take risks with Reward.
Good luck and profitable.