#BTC has been trading sideways (with some overall bearish sentiment) for more than 10 days now!
trading ranges are often followed by a strong breakout from one of the sides. in BTC's case these two sides are 61,800 and 56,130 levels.
We'll have to observe the chart in the upcoming days in order to see a strong move in the market but as already stated, our main scenario is another dump towards lower levels meaning that breakout will probably be from below ( 56,130 level)
trading ranges are often followed by a strong breakout from one of the sides. in BTC's case these two sides are 61,800 and 56,130 levels.
We'll have to observe the chart in the upcoming days in order to see a strong move in the market but as already stated, our main scenario is another dump towards lower levels meaning that breakout will probably be from below ( 56,130 level)
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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.