Bitcoin (BTCUSD) is bouncing after hitting a new low on the 2h timeframe... Can it go higher?
Prices for Bitcoin are now challenging EMA50, as well as the descending trendlines marked on the chart... This is the immediate resistance.
If BTCUSD fails to close above this level, we will see prices move lower following the red arrow.
Do you agree with this analysis?
Let us know in the comments section below.
Namaste.
Prices for Bitcoin are now challenging EMA50, as well as the descending trendlines marked on the chart... This is the immediate resistance.
If BTCUSD fails to close above this level, we will see prices move lower following the red arrow.
- We will only consider this bounce to become a bullish move if prices manage to break and close above $9260.
- Any trading below the above-mentioned price and we remain bearish short-term.
Do you agree with this analysis?
Let us know in the comments section below.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.