About 2 hours left for this week and Bitcoin is sitting above 6900 level it has failed to close above this level for 3 straight weeks. Testing it each week and falling below it for each close. Recognizing that the higher time frames are more significant to the shorter time frame for general analysis of trend. This could be a significant signal to more upwards movement. Ideally still looking for Bitcoin to cross 8k in next couple weeks. As even though this resistance seems to be breaking it needs to break out of wedge formation. From my previous posts.
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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.