BTC/USD
-Bitcoin is holding above 50MA for the 2nd day
-Must close daily candle above 50MA & 20MA
-Ascending trendline support keeps the bulls alive
-If BTC can hold current price levels for the next few days
-There is a chance we could see a minor rally to test 7.2k
-Bearish scenario if the price closes below trendline support
-A drop down to 5.8k is likely to happen
-Bitcoin is holding above 50MA for the 2nd day
-Must close daily candle above 50MA & 20MA
-Ascending trendline support keeps the bulls alive
-If BTC can hold current price levels for the next few days
-There is a chance we could see a minor rally to test 7.2k
-Bearish scenario if the price closes below trendline support
-A drop down to 5.8k is likely to happen
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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.