Hello, dear members of LeoFinance!
Let me write a short update on the price chart of Bitcoin.
Today Bitcoin has been relatively volatile from an intraday point of view. In the early morning, the price of Bitcoin tried to reach the psychological level of $19,000. However, it couldn't and a bit later it corrected to $18,100. Now one Bitcoin costs $18,363, on the crypto exchange Bitstamp, according to TradingView.
The question is: 'Is this just intraday volatility, or a beginning of deeper price correction and trend reversal?'
Let's try to answer the question. On the 30-minute time frame, BTC/USD continues to move forwards within the trajectory of the Ascending channel (uptrend):
In my view, as long as the price chart of BTC/USD remains within the channel, we can say that the bullish sentiment remains and the trend is bullish.
To be continued ...
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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