BTCUSD - Short Term Update (08/09/2024)
Quick 6 minute update on Bitcoin!
Potential small push down this morning to find a bottom on prior consolidation levels and a move to the upside to take out the highs from overnight trading. If this happens, we should see resistance around $64,500 - this is the ideal scenario.
Likely not revisiting $50,000 anytime soon - the market already gave two chances for you to buy there. Revisiting $50,000 would likely mean more lows at this point. Things currently look constructive for a move past $64,500 but that would go out at least 1-2 weeks.
Potential small push down this morning to find a bottom on prior consolidation levels and a move to the upside to take out the highs from overnight trading. If this happens, we should see resistance around $64,500 - this is the ideal scenario.
Likely not revisiting $50,000 anytime soon - the market already gave two chances for you to buy there. Revisiting $50,000 would likely mean more lows at this point. Things currently look constructive for a move past $64,500 but that would go out at least 1-2 weeks.
CE - BitDoctor
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Disclaimer
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CE - BitDoctor
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
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.