Bitcoin is currently trending at the strong area of resistance which there are a lot of confluence factors right aroung this zone that we have to be very cautious. Price hasn't broken out above the resistance zone so we have to stay away from it temporarily. Also, this is our set up on BTC so that we can anticipate both upside and downside movement of the Bitcoin.
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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.