Hey there.
Long said short, stretch moving averages in weekly timeframe to see Bitcoin is stuck between 50 and 100-week moving averages. Although many long shadows to both moving averages makes it hard to say which directions BTC/USDT is heading to and I do hope for a breakout to upside, but a retrace to $37k seems possible as well.
What do you think about BTC/USDT? let me know in comments below.
Cheers.
Long said short, stretch moving averages in weekly timeframe to see Bitcoin is stuck between 50 and 100-week moving averages. Although many long shadows to both moving averages makes it hard to say which directions BTC/USDT is heading to and I do hope for a breakout to upside, but a retrace to $37k seems possible as well.
What do you think about BTC/USDT? let me know in comments below.
Cheers.
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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.