5K BTC around Bitcoin halving is likely
Updated
BTCUSD Bulls are trying to break past 8K Resistance and Bears are wanting to push it back to 5K. Decreasing Volume favours the Bears.
However, #BitcoinHalving fomo is in favour of Bulls. Few buyers makes them look weak !
Risk Reward ratio favours both - Bulls and Bears.
Trade active
This is critical level to activate Short trade. It was marked on the chart earlier. BTC has now reached $8200 and would be interesting to see what the Bears do here. Can they drop BTCUSD back to $5000 ?Note
BTCUSD now $8800 That is a pretty big candle that smashed through the resistance and crashing all hopes for Bears !
Trade closed: stop reached
Stop Loss hit for Short position.Long position in profit
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