03 November 2020

TA Tuesday: Short-term bullish setup for bitcoin

Patrick Heusser

Patrick Heusser

Head of Trading bei Crypto Broker AG

Über den Autor

Keeping it brief today in this short technical analysis report.

BTC$ (4h)
As long we stay in this upward trending channel, the bullish setup will remain intact on a short-term basis.

In the medium term, 12.7k is still relevant, and as far as the bigger picture is concerned: 11.1k.

On the topside, 14.2k is still a tough resistance. But if we can take it out, I believe we will see a swift move towards 15k.