There was a downward channel which was recently broken. BTCUSD is now re-testing that channel, after bouncing off of major 28.6k support. If BTCUSD can breakout upwards this is a good sign for at least a quick run higher. Otherwise back down to 28.6k we go for another test.
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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.