While every market around the world was slaughtered by the Cvoid-19 panic, not every market has staged a recovery like BTC. While up ~70% from its abysmal lows around 3800, BTC has run into some resistance around the 6800-7000 zone. If this short term resistance is overcome a leg higher is to be expected.
Watch for a break over 7000 supported by an uptick in volume. If the current trend line is broken don't be surprised to see 5200 once again.
Watch for a break over 7000 supported by an uptick in volume. If the current trend line is broken don't be surprised to see 5200 once again.
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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.