After BTCUSD found highs around $13,890 in June, the crypto has found itself in a spiraling downtrend, with pulls back northward sporadically. Bitcoin hasn't been able to escape this daily channel, but if it does, a breakout is possible. Bounces and pullbacks from $9-12k have occurred since June, but support hasn't been broken since. The cryptocurrency is currently hugging the upper channel trendline at $9300.
(All trading involves risk. Never risk more capital than you're willing to lose. Use proper MM in all trades.)
(All trading involves risk. Never risk more capital than you're willing to lose. Use proper MM in all trades.)
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.