BTC/USD is forming a downtrend on the 4HR timeframe.
We can wait and see if the price reached the trendline and how it reacts to it and the resistance zone marked.
We can look for potential sells if we get a good rejection from the area.
Long term target would be between the 72500 and 70000 area as previous strong level of support/resistance.
We can wait and see if the price reached the trendline and how it reacts to it and the resistance zone marked.
We can look for potential sells if we get a good rejection from the area.
Long term target would be between the 72500 and 70000 area as previous strong level of support/resistance.
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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.
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.