Bitcoin Forecast: Now Trading $14100 levels

BTC momentum start above $12000 to $$13000 and touched high of $20000 levels

and again corrected to $11700 levels , with steep correction.

Going upward and downward in momentum and now in consolidating phase.

This Phase of BTC is in trading range of $17750 -$11300 .

Every one expecting bitcoin will move only upside, so here patience will work and wait for write direction.

Till that Buy at low levels and sell on upper levels is the right phenomena to trade.

Bollinger band

image source: poloniex.com exchange
You can see in chart Bollinger band , price are moving in band channels and breaking downside.
so wait for up side breakout and till that trade in range according to bollinger band.

BTC support and resistance :

BTC will be in range of $17750 -$11300 till it will not break upward $17750 according to support and Resistance.

Daily range is getting low as price momentum is getting low and range cumming out are 16330-12500 levels.

We expect BTC will touch lower levels 13700-12500-11700-11100 and 11100 is final support for up momentum.

BTC has a good support at $12500 levels.

Upside 15300 then 16300 and final 17700 level with strong resistance levels. Here heavy selling can come and again

short covering can make new highs for BTC.

My advice is to buy at low levels and sell on higher levels, play level to level as mention above.

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Disclaimer: Do your own research before trade and invest

Please leave your thoughts and feedback below!

Thanks for reading!