Technical analysis of Bitcoin: there are preconditions for growth of cost after a slight fall




Bitcoin [BTC] today noted a slight increase, referring to the level of 6400 dollars. Whether this impulse is transferred in a more serious price movement or the price will go down, and get back to the level of $ 6000?

The figures for 30 minutes

The indicator Exponential Moving Average (EMA) at the position in 6400 dollars support after displacement of the resistance. This happened after the price began to increase.

The indicator Parabolic SAR is showing bullish sentiment, as evidenced by the dots below the price. This may also be the reason for upward momentum in the near future.

Trend line from to 6640 6450 and 6350 6380 to form a triangle and point to a breakthrough in the near future.

Indication for 4 hours

Double Exponential Moving Average (DEMA) is 6648 $ and provides the resistance value at this limit.

Indicator Chaikin Money flow Chaikin Money Flow (CMF) below 0, which indicates that the selling pressure is greater than the pressure to buy.

The ADL indicator confirms the current trend, without changes of motion.

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