I think btc/usd is bullish right now and after touch the 0.382 fib retracement is going to continue the bullish movement . the red zone between 11480_11800 is a significant area if the price goes above this zone again and pullback to this area with showing nice bullish candlestick patterns then I can say the bitcoin want to create a new high on 16000$ price zone. instead, if the price goes below the 10000$ and breaks moving averages then I can say bitcoin want to start a new bearish trend till 7400$ zone or lower to the 6000$.
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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.