Having a look on the dollar index (See the related idea below), we can see a falling wedge which could lead to a reinforcement of the dollar against all currencies including the bitcoin.
Currently we can see on the BTCUSD chart that the price is testing a resistance between 9500-10000. The setup will be invalidated if the price goes above 10500.
In case of validation of the potential reversal the next target could be very low around 3000.
Currently we can see on the BTCUSD chart that the price is testing a resistance between 9500-10000. The setup will be invalidated if the price goes above 10500.
In case of validation of the potential reversal the next target could be very low around 3000.
My free forex signals in real time: bit.ly/3RTlKwZ
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My track record: bit.ly/4jFJ6nj
Related publications
Disclaimer
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My free forex signals in real time: bit.ly/3RTlKwZ
My track record: bit.ly/4jFJ6nj
My track record: bit.ly/4jFJ6nj
Related publications
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.