BTC still runs in the downward channel, coming back and forth under downward pressure; - same as yesterday.
We’re at a critical point of shifting toward consolidation from capitulation, however, if $19561.81 is broken, consolidation cannot be sustained and the bottom-seeking phase is easily compromised.
Breaking up and holding $22696.03 for 3 days is favorable for the market to consolidate and sees the bottom and then start building - needs time to be tested.
We’re at a critical point of shifting toward consolidation from capitulation, however, if $19561.81 is broken, consolidation cannot be sustained and the bottom-seeking phase is easily compromised.
Breaking up and holding $22696.03 for 3 days is favorable for the market to consolidate and sees the bottom and then start building - needs time to be tested.
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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.