BTC is Facing Strong Resistance
- Current Market Behavior: BTC has attempted to break through a specific price level multiple times but failed, indicating that sellers are actively defending that level.
- Volume Confirmation: Often, resistance is confirmed when there's high trading volume at that price but no breakout.
- Implication: If BTC continues to fail at breaking this level, it may trigger a pullback or short-term downtrend.
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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.