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November 24, 2020
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Bitcoin Technical Analysis + BCH, LTC, ETH and XRP – Blocksats

As every Tuesday, we have another expert for you technical analysis cryptocurrency prepared by Chartław of Coinquista Labs. What awaits course Bitcoin. Ethereum. Bitcoin Cash, XRP and XRP in the near future? Below you’ll find the course analysis BTC, and on the official Coinquista blog you can read the analysis of the others digital assets: ETH, BCH, LTC and XRP.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-21-04-2020/

Bitcoin getting ready for sale?

Looking at the quotations of the oldest of virtual currencies, we will notice that after unusually dynamic declines from the second half of February this year. and in the first half of March this year, the BTC price rebounded from technical support around USD 4200 and has been moving in a quiet upward trend for over a month.

Comparing the current movement to the previous one, one can easily conclude that this is only a kind of form correction upward trend after a previous downward impulse. This means that despite the fact that the price of BTC has increased over the last month by over 77% (although at the extreme it was as much as 94%), it is still quite likely that we will have another sale in the near future.

However, it is difficult to clearly determine when this depreciation will occur. It may appear now, but it is also possible that first the BTC price will rise to around USD 7,800 and then there will be a larger supply response signaling potential declines.

Analysis prepared by Chartław of Coinquista Labs.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-21-04-2020/

We remind you that on the Coinquist crypto exchange market for 90 days from registration, all users can trade without commission! How to register on the stock exchange, you will learn from this article: Coinquista Registration.

About Graphław:
His name comes from the words: Chart- (from “stock charts”), and -fame (from “fame”), which is the one who praises stock charts. He gives away history traders expert analyzes of company stock prices, fiat currencies and cryptocurrencies. Traders from four parts of the world come to him for advice of the highest importance: Buy? Sell? Should you breed? It was not easy, but the Coinquista Labs team, somehow managed to convince him to share his professional analysis with Blocksats readers. Let his charts look after you!

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