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Bitcoin Technical Analysis 03-09-21

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Written by   19
10 months ago

My calculation on its value is $52K at some point which indicates that Bitcoin may continue correction in coming week.

Bitcoins opens at $51K and goes down to around $50K and stable around $53K ~ $54K. The average transaction fee is $11.75 which is 14.55% decrease from yesterday.

Most Bullish News 📈

Bitcoins daily transaction booming

It indicates that Bitcoin price will be stable with storing value.

Most Bearish News 📉

Illegal activites in trading platform are unlikely to avoid

It indicates that Bitcoin may face correction due to investigation from the government.

Resources

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

  2. https://en.ethereumworldnews.com/the-bitcoin-network-has-settled-roughly-10b-a-day-in-2021/

  3. https://cointelegraph.com/news/bitmain-accused-of-illegally-poaching-engineers-by-officials-in-taiwan

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Written by   19
10 months ago
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