In the past months, Bitcoin trading was boring, to say the least with the ranges becoming smaller and smaller.
However, the recent low is above the previous one which could be an indication of some gains in store for the main crypto.
More, since mid-December BtcUsd formed a double bottom with confirmation above 17k.
A break above this pattern could lead to a rise at 18k resistance and in the longer term, would confirm 16k as a higher low and Bitcoin could rise even to 21k.
However, the recent low is above the previous one which could be an indication of some gains in store for the main crypto.
More, since mid-December BtcUsd formed a double bottom with confirmation above 17k.
A break above this pattern could lead to a rise at 18k resistance and in the longer term, would confirm 16k as a higher low and Bitcoin could rise even to 21k.
📈 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.
📈 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.