BitcoinLong
BTCUSD being held up by its bullish channel!
We see BTCUSD being held up by its ascending channel where we expect it to rise further. We are looking at a potential bounce on weakness at 9129 (horizontal pullback support) where price could rise to its resistance at 10222 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal overlap resistance).
RSI (55) is being held up by an ascending line and ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias
RSI (55) is being held up by an ascending line and ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias
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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.