BTC/USD (Consolidation @ 40k Dollars)

💎Technical Analysis Summary💎



BITSTAMP: BTCUSD

-Bitcoin still following the upside trend
-Right now, the price is currently consolidating around 40k dollars
-BTC needs to defend the immediate 40k dollar support
-This is the confluence of local support between Bull and Bear
-The 20ma is now approaching the price which can act as a dynamic support
-Trading priority is still up as long as important levels are holding
-I expect Bitcoin to consolidate here for the next 24-4hours
-And if we see an upside breakout, the target is the Fib 1.618 - 2.0 Fib extension resistance




⚠️Please always read the description⚠️

A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉


``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````