Watch the trend line (medium term)
Trendlines are proving to be very efficient in predicting Bitcoin price movements. When they are broken, often a bigger move follows. Right now, the price is (again) touching, and even below the steady uptrend line. If this continues throughout this day, one can expect some big sell offs and shifting to down trend in medium-term.
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.