BTCUSDT Idea
BTC is in a symmetrical triangle right now and there are two possible scenarios-
1. Bitcoin will form an all-time high and the recent move was just a reaction to the US stock market. It all depends on US stock markets.
2. It will fall down to the 40k level hitting the support area on the ascending triangle making a move upwards in June. The recent actions could have been a fakeout.
1. Bitcoin will form an all-time high and the recent move was just a reaction to the US stock market. It all depends on US stock markets.
2. It will fall down to the 40k level hitting the support area on the ascending triangle making a move upwards in June. The recent actions could have been a fakeout.
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.