Bitcoin is still above the ascending trend line in green however price is looking to form a next high reaching new ATH's
This could lead to resistance at the next top creating a double top, pushing price back down to the ascending trend line. From there if this strong trend line in green breaks it could turn very bearish below that line.
4Hr chart
This could lead to resistance at the next top creating a double top, pushing price back down to the ascending trend line. From there if this strong trend line in green breaks it could turn very bearish below that line.
4Hr chart
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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.