Bitcoin Technical Analysis 02-19-21

Bitcoins opens at $51K and goes up to around $56K and stable around $54K ~ $55K. The average transaction fee is $23.98 which is 2.04% increase from 02-18-21.

$56K has reached!

If it stables around $54K ~ $55K, the next target is stable at $55K and hit $58K. The question is if Bitcoin will continue raising and be sustainable? 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.

Also, if you have any suggestions, please do not hesitate to let me know!

Thanks for reading and see you tomorrow!