BTCUSD has recovered from the recent down move and is NOW sitting at Resistance. The level is the 50% Retracement of the move. So far in the short term price is responding to and respecting this level.
Breaking the level up would be a bullish sign for a retest of the near term high and a possibility of continuing to the ATH test. Failing to break higher and holding here to go down is bearish. WATCH THIS LEVEL!
Note
Looks as if the breakout of Resistance is confirmed for price to retest the high
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.