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Bitcoin is trading below $43,000 right on top of the kijun-sen (yellow line indicator). Trend remains bullish as price is still above the Kumo (cloud), but price is vulnerable to a move towards the cloud support. This will be the case if the kijun-sen is broken downwards.
Bitcoin gave its first sign of weakness once price broke below the tenkan-sen (red line indicator). Support is at the kijun-sen at $42,850. A break below the kijun-sen will lead price towards $40,600-$40,000. Resistance is at $45,180 and next at $47,440. So far price is making higher highs and higher lows. Staying above the Daily Kumo (cloud) is important for bulls.Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.