Bitcoin is holding strong above a key trendline that has acted as dynamic support since March. Every time price touched this line, buyers stepped in, and once again, it’s doing its job.
What was once resistance has now flipped into solid support. The recent pullback seems healthy, and the price is trying to bounce from the trendline area again.
As long as
BTC respects this structure, the bullish momentum remains intact. If it holds, we could see another leg up from here.
DYOR, NFA
Thanks for reading!
What was once resistance has now flipped into solid support. The recent pullback seems healthy, and the price is trying to bounce from the trendline area again.
As long as
BTC respects this structure, the bullish momentum remains intact. If it holds, we could see another leg up from here.DYOR, NFA
Thanks for reading!
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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.