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Plain and Simple Bitcoin Daily Analysis - 3/13/21 - BTCUSDT

Plain and Simple Bitcoin Daily Analysis - 3/13/21 - BTCUSDT

As bright as the future might seem right now after the beautifull recovery over the Binance FUD yesterday,

Bitcoin is still struggeling to reach his all time high.

The market is totally hesistant and for now, 2 outstanding bearish divergence on the 4 hours seems to compromise the 60K level

In general, last weekends, price had a tendency to dump.

Indicators are overall mitigated on the direction to take, favoring the downside.

The daily also seems pretty exhausted.

Yesterday, Elon twitted again over Bitcoin, and it had nealy no price effect.

So..

Watch out for another dump, always keeping an eye over the 54500K level, in case it happens for a good entry.

Have fun, trading today !

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And remember, no pain, no gain !

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