Yesterday I said that a new low for BtcUsd is very probable, and, indeed, the main crypto dropped under the previous low.
The drop is marginal, on low volume and quickly reversed and this gives me reasons to suspect a low in place.
At the time of writing Bitcoin is trading in horizontal resistance and looks very well bidden by bulls.
A break here would clearly signal that the correction is over and we can look to 60k zone.
50500-51000 zone is ideal for buying at this point
The drop is marginal, on low volume and quickly reversed and this gives me reasons to suspect a low in place.
At the time of writing Bitcoin is trading in horizontal resistance and looks very well bidden by bulls.
A break here would clearly signal that the correction is over and we can look to 60k zone.
50500-51000 zone is ideal for buying at this point
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.