BTC/USD
BTC manages to break the trendline resistance at the 5k and keeping the price above it for more than 12hrs now.
This is a good chance for the bulls to change the shorter timeframe rally going up.
This momentum will remain intact as long as the price does not break below 4.8k
because if that level is gone this will give the bears a meaningful entry to short the market again.
BTC bulls need to keep this action alive for the next 24-48hrs and break bullish.
Target to the upside is up to 6k. 6k levels are showing itself as a strong barrier for BTC
since we have been rejected there twice for the last 4-5 days of trading.
BTC manages to break the trendline resistance at the 5k and keeping the price above it for more than 12hrs now.
This is a good chance for the bulls to change the shorter timeframe rally going up.
This momentum will remain intact as long as the price does not break below 4.8k
because if that level is gone this will give the bears a meaningful entry to short the market again.
BTC bulls need to keep this action alive for the next 24-48hrs and break bullish.
Target to the upside is up to 6k. 6k levels are showing itself as a strong barrier for BTC
since we have been rejected there twice for the last 4-5 days of trading.
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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.