BTCUSD Approaching major resistance
Bearish base trendline indicating major resistance at 6900-7000 area.
Confirmed by the lower span on the Ichimoku cloud along with the 50 SMA all on the 4 HR.
Needing a close above the 7200 area to potentially break the macro down trend.
Confirmed by the lower span on the Ichimoku cloud along with the 50 SMA all on the 4 HR.
Needing a close above the 7200 area to potentially break the macro down trend.
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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.