A Quick Look At Bitcoin Technicals

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8/10/ 23
G. Allan Collins 10:00 PM

Bitcoin. We’re currently down about .57% and Bitcoin did get the bull breakout yesterday above 29,500, and today it is trying to hold that break out because the Bollinger Bands are squeezing. We need to prove the breakout is real by holding above 29,500 and the next resistance levels we need to break will be 30,000 and then we could start running higher towards the target at 35 to 36,000. If this is a false breakout, we need to break back down below the moving averages And do note that every moving average is right on top of the same exact price level. So this is an extremely bullish breakout as long as it holds On the retest.

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