BTC just experienced a break of a major reversal zone indicating that we could potentially be gearing up for a run at all time highs. There was a break of the reversal zone and retest plus bounce of on that reversal zone, indicating that price action was trying to attract more buyers to go long. BTC also broke out of its previous downtrend. There was a possibility that this would've been a simple liquidity grab to push price lower but fortunately, price held and broke the reversal zone indicating higher prices soon. This is not investment advice rather my own analysis.
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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.