BTC reach new ATH!
BTCUSD reached new all-time high as Bitcoin ETF reached over 1 bn. USD in AUM within just two days since it started trading. We previously noted if new all-time high was reached then it would force us to change our stance from bearish to bullish . We also noted that we expected price to continue rise in case of breakout above previous all-time high. We continue to think that more upsides awaits BTCUSD.I think it would be smart to wait for a pullback before entering a long position in the market.
Technical analysis
A retest and rejection from ATH may see the price move to the next level of support.
Support and resistance
Daily rejection from the ATH will see lower prices to the next level of support.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Technical analysis
A retest and rejection from ATH may see the price move to the next level of support.
Support and resistance
Daily rejection from the ATH will see lower prices to the next level of support.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
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.