Bulls met strong resistance at $19568.12 at the weekend. Data shows weakness, with shorts taking control.
BTC runs along the center of a short-term downward channel, which forms a triangle with the current key support. In this triangle will it cultivate a breakout. The longer it stays within this area, the stronger a breakout will occur.
Only by breaking up and holding $20083.65 will BTC reach a balance between bulls and bears. Taking hold of $21307.62 could bulls reclaim their dominance.
The support before a second slide now diverts to $18138.17, which is keeping the price up and shielding the key support. If this target point is broken down, the price would slide to a certain extent.
BTC runs along the center of a short-term downward channel, which forms a triangle with the current key support. In this triangle will it cultivate a breakout. The longer it stays within this area, the stronger a breakout will occur.
Only by breaking up and holding $20083.65 will BTC reach a balance between bulls and bears. Taking hold of $21307.62 could bulls reclaim their dominance.
The support before a second slide now diverts to $18138.17, which is keeping the price up and shielding the key support. If this target point is broken down, the price would slide to a certain extent.
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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.