Bitcoin is filrting with an important downwards trend-line from the high at 12499. It has broken the trend-line but is back testing it with potential for downside action. If the price starts to tumble here, we will likely test 11200- 11100 range. With a break of 11100 the next significant resistance is located at 10800- 10700. With a strong bounce off the trendline upwards, we will likely resistance at 11700-11800 and 12100 - 12250.
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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.