The bitcoin price chart looks like a standard breakout-retest pattern indicating the bear run in the next few years.
Take a look at the daily timeframe. The highest point of the wick is exactly at the previous long term support line (which has turned into a resistance), which prove the validity of the long term support line that I have draw.
The next support level is at ~$5500 to $6000
Take a look at the daily timeframe. The highest point of the wick is exactly at the previous long term support line (which has turned into a resistance), which prove the validity of the long term support line that I have draw.
The next support level is at ~$5500 to $6000
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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.