Bitcoin is currency in a descending channel, and after the last W (Gartley) and retracement, price respected the resistance at the nose and is now in a slight uptrend towards the top of the channel.
This is a key area either for a breakout and path to 50k or a rejection to form the second leg of the M.
This is a key area either for a breakout and path to 50k or a rejection to form the second leg of the M.
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Related publications
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.