#Bitcoin dumped hard and tested $40,000 area.
#BTC is now trading above $43,000 and the next key level to flip is $44,200.
It needs to hold above $44,200 otherwise we see a retest of $42,500 support area. A 4-hour candle close below $42,400 is bearish and we see more downwards movement towards $40,000 if this happen.
If BTC able to break and hold above $44,200 then the next resistance is $45,100 area. Market is highly volatile so trade with a stop loss is must.
#BTC is now trading above $43,000 and the next key level to flip is $44,200.
It needs to hold above $44,200 otherwise we see a retest of $42,500 support area. A 4-hour candle close below $42,400 is bearish and we see more downwards movement towards $40,000 if this happen.
If BTC able to break and hold above $44,200 then the next resistance is $45,100 area. Market is highly volatile so trade with a stop loss is must.
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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.