BitcoinUpdated Bitcoin - two possible scenarios
The price reached the price of the ascending price channel . This zone could stop and reverse the market and we saw downward movement from 6500.00 to 5800.00 level.
If the price breaks the resistance level , it will be a new buy signal, we should expect upward movement to the zone between 6800.00 support level .
If the price breaks the resistance level , it will be a new buy signal, we should expect upward movement to the zone between 6800.00 support level .
Trade closed: target reached
This analysis close
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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.