Bitcoin sets new supports and resistance

It's obvious that the bitcoin bull run is not ending anytime soon as it has been consistently pumping for more than a week now. Obviously, we should be expecting a correction but it doesn't appear to be anytime soon.

The previous resistance of Bitcoin before it pumped was $10000 and it surpassed it after testing it thrice this year. Also, it had its supports at $9700, $9442 and $9126.

With the recent pump and from my analysis, bitcoin has set new supports which are at $10,943, $10,688 $10,200. Similarly, it has it resistance at $11,488 which is its 2020 all-time high

With that, one can know when to enter and also exit a trade on futures trading.

I hope you found this useful. Meanwhile, it's just my analysis and nit an advice.

Posted Using LeoFinance