Bitcoin Update:
Will Bitcoin reach a new all-time high at $116,250?
First, Bitcoin is currently in a downtrend, and what we're seeing now is an upward correction.
If it breaks the current resistance zone of $107,140 and stabilizes above it,
We then say it will reach a new high, and we'll look for an entry opportunity.
The second scenario could see Bitcoin reach the resistance zone, retest it, and continue its decline.
Will Bitcoin reach a new all-time high at $116,250?
First, Bitcoin is currently in a downtrend, and what we're seeing now is an upward correction.
If it breaks the current resistance zone of $107,140 and stabilizes above it,
We then say it will reach a new high, and we'll look for an entry opportunity.
The second scenario could see Bitcoin reach the resistance zone, retest it, and continue its decline.
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.