Bitcoin has formed an ascending channel and currently is following the up-trend. The down-border of this up-trend is located at the $7450 point, I've marked this level with the red rectangle . Coming back to the ascending channel: everybody know that ascending channels lead to the dump and ones breakdown. So, it is legitimate to expect a dump. There are few reasons which confirms the dump-theory:
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.
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.