Bitcoin has been in a steady uptrend since mid July and we can now see that it is within an ascending channel, which is typically a reversal pattern.
We are now at a crucial price point 50K where Bitcoin has a lot of attention. If we break the 50K level, we can possibly see a retest and another move higher.
However, if we break the ascending channel. we will be looking for a retest to take Bitcoin down to atleast the 42K level.
We are now at a crucial price point 50K where Bitcoin has a lot of attention. If we break the 50K level, we can possibly see a retest and another move higher.
However, if we break the ascending channel. we will be looking for a retest to take Bitcoin down to atleast the 42K level.
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🥃 Crypto Signals Since 2017 🥃
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📈 Signals/Algos altsignals.io/join 📈
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.