Bitcoin and crypto trading has ben catching some bids as of late, following the rally in the stock market. However, we are at the doorsteps of 2 key technical points for bitcoin at 39k. Firstly we have the distinct down trendline acting as resistance and a key fib level. These two points here suggest that we are at a pivotal point for cryptos as we either break here and continue a new bull run in the crypto market, or we find resistance here and the current bear market is extended for a longer period of time.
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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.