RATE Group | Bitcoin (BTC) Technical Analysis
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Bitcoin (BTC) Technical Analysis

23 Jul Bitcoin (BTC) Technical Analysis

Posted at 00:30h in Bitcoin News by

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Over the weekend, Bitcoin prices remained pretty stable with buyers jumping at $7,100 rejecting depreciation below $7,000. In any case, what we have is a nice bullish engulfing candlestick bouncing off a key support line at $6,000 following last week’s rapid gains. Even though our Bitcoin (BTC) longs are active in line with our trade plan, adding more with stops at $7,000 and first bull targets at $10,000 will be a nice trading plan.

From the News

Institutional involvement is and shall continue to be the lifeline of tradable assets irrespective of the exchange’s location or size. CoinBase has been on the forefront fronting and providing services that would satisfactorily address some of these institution’s requirements as risk management for example.

Services such as CoinBase Prime and Custodial Services complete with a coverage group that’s strategically positioned in New York are proving a success.