Last week, the price closed below the previous low, forming another lower low. This further confirms that Bitcoin is in a bearish trend, which has been ongoing for the past six months.
The crucial level at the moment is $64,220 (the last formed high). This key level separates us from a bullish (upward) trend. If the price on the weekly timeframe can break this level and close above it, it will be a very important indicator of a trend reversal. Until then, we remain in a bearish trend.
The crucial level at the moment is $64,220 (the last formed high). This key level separates us from a bullish (upward) trend. If the price on the weekly timeframe can break this level and close above it, it will be a very important indicator of a trend reversal. Until then, we remain in a bearish trend.
Trade active
Private community with my recommendations 👉 [ bit.ly/bs-alerts ]
Asset Management 👉 [ bit.ly/assetmn ]
Asset Management 👉 [ bit.ly/assetmn ]
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.
Private community with my recommendations 👉 [ bit.ly/bs-alerts ]
Asset Management 👉 [ bit.ly/assetmn ]
Asset Management 👉 [ bit.ly/assetmn ]
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.