What's next for BTC / USD?
We could see a second retrace to the 51K area before breaking out of the descending channel. Then a retest of the support before the start of a new uptrend.
Breaking below 51 - 50,5 K will probably send us to 47K and perhaps lower.
Breaking below 51 - 50,5 K will probably send us to 47K and perhaps lower.
Note
48.5 K acting as support. Lets see what happens the next few hours. We need 52.5K IMO
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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.