Here is my current analysis of BTC. Currently in a descending channel which possibly see a retest of resistance trendline this week, another rejection I see new lows and looking for support at the $37,700 support level. However with a increase in volume and a break of this resistance could see the confirmation of the trend reversl we are looking for to set sights on new ATH next month, starting with a confirmation of resistance break above $52,000. At present there are no key indicators to lean either way until the resistance trendline is tested.
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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.