Bitcoin headed towards a crucial re-test
Bitcoin will most likely re-test the previous breakout level at the 53-54k range according to price action and basic trading rules.
Don't forget that price tends to re-test previous breakout levels most of the time. I turned on the 9MA in the daily chart to keep track of the re-test zone. If you are a bull, you want the candlesticks to close above 59k confidently.
Don't forget that price tends to re-test previous breakout levels most of the time. I turned on the 9MA in the daily chart to keep track of the re-test zone. If you are a bull, you want the candlesticks to close above 59k confidently.
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.