Bitcoin testing $3500 , Bullish or Bear
in long term trend line it is getting support around $3500 - $3600 , It tested it 3 times in last one month, Tried to break but bounced back if it holds here then we can see quick bounce back if not then we can se downfall to $100 to $200 more from here & we can see it to $3400 - $3200
Again $3750, it is facing resistance in long term trend line , tried to break but couldn't able to sustain thr for long term and felt, Now its like a Ping Pong game or a kind of spring, getting more and more squeezed to the end.
$4000 is a resistance in short trend line and whenever it go thr then get rejected. So need to watch this also and trade, If it breakout after
4K then $4400 - $4850 will be the next resistance
It just broke short trend line and felt from there which is not good sign but if compare to the long trend line BTC getting support which is quite bullish.
Again $3750, it is facing resistance in long term trend line , tried to break but couldn't able to sustain thr for long term and felt, Now its like a Ping Pong game or a kind of spring, getting more and more squeezed to the end.
$4000 is a resistance in short trend line and whenever it go thr then get rejected. So need to watch this also and trade, If it breakout after
4K then $4400 - $4850 will be the next resistanceIt just broke short trend line and felt from there which is not good sign but if compare to the long trend line BTC getting support which is quite bullish.
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.