Bitcoin Update
As we've said yesterday, Bitcoin reversed and failed to break support.
Now we are seeing a break of the 53K level and a continuation to the upside. Still, we are waiting for a break above $54,800 and $57,800 with two 4H candle closes above them to confirm the continuation to the upside and a formation of a new ATH.
However, if we don't break resistance, then we'll see BTC going back down to the $52,000 and $50,400 support levels.
As we've said yesterday, Bitcoin reversed and failed to break support.
Now we are seeing a break of the 53K level and a continuation to the upside. Still, we are waiting for a break above $54,800 and $57,800 with two 4H candle closes above them to confirm the continuation to the upside and a formation of a new ATH.
However, if we don't break resistance, then we'll see BTC going back down to the $52,000 and $50,400 support levels.
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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.