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Technical study of the Bitcoin (BTC) contract

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The big and mini cycles are both out of a strong trend right now. The daily price is at an all-time high. Following the mending of the K-line pattern, rising and breaking highs occur. As a result, we will be emphasising the importance of short orders in the near future. After breaking past the 50600 line, the previous price is doomed to suffer price increases over the next two months, with the possibility of reaching the previous high at 65000. The fast and slow lines of the MACD indicator are linked to the golden cross indications; short cycle hours The graph began to increase in the early morning and continued to rise throughout the day yesterday. The price shattered through the roof once more. The price burst through the September 3 high point once more, signalling the end of a very strong trend. If demand continues to rise, remind everyone that in an exceptionally powerful market, the back-off is weak, and the European market cannot break the watershed position, therefore it’s best to go back to the 51,500 line or the bottom position straight, with a goal of 52300-52800. However, keep an eye on the chart’s possible scenario.

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