Implications and Outlook
Even though the overall trading landscape is bleak, Bitcoin continues to be holding up nicely on top of the essential Mean Support $6220 price level; therefore a secular coin trend change isn't yet established by the most precious token. Having said that, a short-term reversal pattern did occur - dead-cat-bounce, giving 'Snipers' achieved the target of $6535.
Even though the overall trading landscape is bleak, Bitcoin continues to be holding up nicely on top of the essential Mean Support $6220 price level; therefore a secular coin trend change isn't yet established by the most precious token. Having said that, a short-term reversal pattern did occur - dead-cat-bounce, giving 'Snipers' achieved the target of $6535.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.