In the daily chart of Bitcoin, we can see that after experiencing high-level fluctuations, its price gradually climbed to the upper rail of the Bollinger Band.
This is not only the case at the daily level, but also at the monthly level. After experiencing high-level fluctuations, there is a certain gap above. From this situation, the subsequent Bitcoin price is likely to move towards the upper rail of the Bollinger Band, and the corresponding price at this position is about 80,000 US dollars.
Let's take a look at the current performance of Bitcoin in the four-hour chart. It shows a trend of shrinking volume and rising, that is, while the trading volume is decreasing, the price is rising.
This special form is often a signal, which indicates that in the subsequent market, the price of Bitcoin will most likely continue to rise. Even if there is a decline, it may only be a small correction, and the possibility of a sharp drop is very small. #BNB0098
We can further analyze the actual chart situation. You can look at the A area marked in the figure below. In this area, after the price of Bitcoin rose to 65,000, there was only a small correction, and then it continued to rise to 69,000 US dollars. The current trading volume of Bitcoin is very similar to the situation in area A. 👗👆
Combining the above analysis, the price of Bitcoin is likely to reach 80,000 US dollars. So in the next period of time, the overall trend is bullish, and you can consider buying when the price is low.
