We have witnessed a crazy downtrend in the past days for Bitcoin. In my opinion these are only two possibilities for BTC.
1. It will breakout of the downtrend resistance, this would lead to a new bullish trend. I see this happening, looking at the developments today regarding acceptance and investigation of the possibilities of blockchain technology.
2. Too much resistance, continuation of a bearish market towards $5000-$6000?
What do you guys think?
1. It will breakout of the downtrend resistance, this would lead to a new bullish trend. I see this happening, looking at the developments today regarding acceptance and investigation of the possibilities of blockchain technology.
2. Too much resistance, continuation of a bearish market towards $5000-$6000?
What do you guys think?
Note
Looks like we are close to a breakout.
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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.