- Price broke through a daily trendline but has been met with a key resistance zone which i have been watching from July last year.
- A failure to break this resistance will open an opportunity to short Bitcoin, a break above and confirmation of support will open a new large leg to the upside and a break of a larger downtrend resistance.
-Price action on the smaller time frames will be key to see who will get the upper hand, the bulls or the bears.
- A failure to break this resistance will open an opportunity to short Bitcoin, a break above and confirmation of support will open a new large leg to the upside and a break of a larger downtrend resistance.
-Price action on the smaller time frames will be key to see who will get the upper hand, the bulls or the bears.
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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.