AS the chart tell us BTC price on 7th August 2021
BTC already break sideway range zone 30.000-40.800
BTC break out downtrend line from 64.000 which have three touching point 64.000 , 59.000, 42.000
BTC is testing the MA200 on Daily Chart around 44860
Senario 1: Fail MA200 testing 40000-42300 price zone then up again.
Senario 2: Break MA200 , heading to 49.000-51.000
Personal opinion: Strong sell around 49.000-51.000 price zone, since it would confirm the uptrend or not
BTC already break sideway range zone 30.000-40.800
BTC break out downtrend line from 64.000 which have three touching point 64.000 , 59.000, 42.000
BTC is testing the MA200 on Daily Chart around 44860
Senario 1: Fail MA200 testing 40000-42300 price zone then up again.
Senario 2: Break MA200 , heading to 49.000-51.000
Personal opinion: Strong sell around 49.000-51.000 price zone, since it would confirm the uptrend or not
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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.