Intense battle between bulls and bears here, I know bulls will win this in a long term, and what about until early August? Let's see
Price has two important zones 1800 as support & 3000 as resistance, should return to 2400 and then start a travel to 3000 and beyond.
Main uptrend was touched now as resistance, will be dificult (no impossible) to "recover it", if price doesn't return to main uptrend it could create a new one just below the other one.
Worst case (for bulls) would be that price return to relevant support (or even more).
Remember that Bitcoin is susceptible to manipulation so keep this in mind.
Note: Trade at your own risk, this is an especulation.
Price has two important zones 1800 as support & 3000 as resistance, should return to 2400 and then start a travel to 3000 and beyond.
Main uptrend was touched now as resistance, will be dificult (no impossible) to "recover it", if price doesn't return to main uptrend it could create a new one just below the other one.
Worst case (for bulls) would be that price return to relevant support (or even more).
Remember that Bitcoin is susceptible to manipulation so keep this in mind.
Note: Trade at your own risk, this is an especulation.
Note
Price couldn't break main trend (for now), next stop could be 2300-2400 zoneTrade active
If price breaks 2/1 trendline will possibly follow the bottom green thick lineNote
Price touching his maximum historic (again)Note
Price now recovered his main uptrendNote
Bulls wonNote
Price could reach top blue trend line before a strong correction (4700)Note
Price is still trying to touch top blue trendlineNote
Price searching green thick dotted lineNote
Price touched it's main target (blue top line)
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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.