Bitcoin reached 30k resistance zone again, but, instead of up continuation, the coin is stalling and a reversal could be next.
Considering the importance of the zone and the fact that BTC is by far out of the woods, we could see a continuation of the downtrend in the next months.
My first bearish target is the support trend line of the recent channel, but, as I said, a break under would lead to down continuation and a new low under 15k could be next for the next 6 months or so.
Anyway, in the short term, spikes and possible rallies should be sold with a 28k target followed by 25.
Considering the importance of the zone and the fact that BTC is by far out of the woods, we could see a continuation of the downtrend in the next months.
My first bearish target is the support trend line of the recent channel, but, as I said, a break under would lead to down continuation and a new low under 15k could be next for the next 6 months or so.
Anyway, in the short term, spikes and possible rallies should be sold with a 28k target followed by 25.
📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.