On daily TF, since 20 Jan 2025 BTC was in downtrend following regression channel.
MACD also was mostly indicating short trade. However, now MACD is showing likely upward movement. Moreover, Williams Alligator also suggesting a likely change of trend to bullish.
Coupling that with USA falling stocks, BTC is a gaining attraction of US investors.
Therefore, one may take a BUY trade now or technically very correct entry would be after price crosses the resistance level ($ 88,950) which is also previous Lower High.
MACD also was mostly indicating short trade. However, now MACD is showing likely upward movement. Moreover, Williams Alligator also suggesting a likely change of trend to bullish.
Coupling that with USA falling stocks, BTC is a gaining attraction of US investors.
Therefore, one may take a BUY trade now or technically very correct entry would be after price crosses the resistance level ($ 88,950) which is also previous Lower High.
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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.