Bitcoin Breaks Major Support: Time to Enter Short Positions...?
Bitcoin has recently broken through a crucial support level of $92000 on the daily timeframe, following almost three months of consolidation. It may be prudent to hold off on entering a short position until a retest of the $92000 level occurs. The next significant support area to consider is approximately $73000, which could serve as a target for any potential short positions.
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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.