BTC/USD
-the Bulls may have temporarily held the ascending trendline
-technically, the bullish ascending triangle is still in-play
-the first challenge is to break the minor resistance at 9.6k
-if BTC can do that, then retest it as support
-BTC may likely go up to 10k resistance area once again
-the good news is, going above 9.6ks will bring some Altcoin action
-we will expect another consolidation for a few days
-then we will wait for the market decision (break up/down)
-the Bulls may have temporarily held the ascending trendline
-technically, the bullish ascending triangle is still in-play
-the first challenge is to break the minor resistance at 9.6k
-if BTC can do that, then retest it as support
-BTC may likely go up to 10k resistance area once again
-the good news is, going above 9.6ks will bring some Altcoin action
-we will expect another consolidation for a few days
-then we will wait for the market decision (break up/down)
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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.