Bitcoin has been long on the downtrend. As you can see from the chart bottom should be at 7 000$ but we need to break at least 10 000$ to be sure that the downtrend is over. Next 50 days will show if we are going to see new highs on near-term. If we break 7 000$ we have supports at 6 500$ and 6 000$. Daily RSI is also approaching 20 and is on our side.
If we can get 20 likes I will continue to update this regularly
If we can get 20 likes I will continue to update this regularly
Note
Now it looks that 10 000$ holds but nothing is sure yetTrade closed manually
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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.