Bitcoin Technical Analysis 02-18-21

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Avatar for xuanling11
3 years ago

Bitcoin is amazing. It hits $52K first time today and I anticipate it will go around $55K soon. If it stables around $50K ~ $51K, the next target is stable at $52K and hit $55K. Although average transaction fee is $23.50 which is 16.80% increase from yesterday, my opinion is still yes which it will have more and more institutional buyers hype to buy. However, I also think the risk is high at this level.

Most Bullish News 📈

Bitcoin price is unsustainable and Dogecoin transaction fees surpass Litecoin and Bitcoin Cash

It indicates that Bitcoin may continue raising but becomes unsustainable with its price.

Most Bearish News 📉

Bitcoin continue drying out

It indicates that Bitcoin may face correction later with exceed supply.

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Resources

  1. https://www.coindesk.com/price/bitcoin

  2. https://cryptobriefing.com/dogecoin-transaction-fees-surpass-litecoin-and-bitcoin-cash/

  3. https://cryptobriefing.com/ceo-141-billion-investment-firm-says-bitcoin-might-be-stimulus-asset/

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3 years ago

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