BitcoinLong
Waiting for really big news
BTCUSD is wandering between 0.382 and 0.5 Fibonacci levels for almost a week already, successfully bouncing from both. It looks like we need really big news to break free from this trap.
Technically we have two major scenarios here:
1) Crushing 0.5 support level (red line) and falling down to 8.5k
2) Breaking downtrend (blue line) and returning back to 15-16k levels
Anyway BTCUSD will reveal its decision before January 26 :)
Technically we have two major scenarios here:
1) Crushing 0.5 support level (red line) and falling down to 8.5k
2) Breaking downtrend (blue line) and returning back to 15-16k levels
Anyway BTCUSD will reveal its decision before January 26 :)
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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.