BTC has perfectly followed previous analysis and had a retest of 66k - 67k zone. The subsequent reaction to the mentioned zone has not been that strong yet (mostly because if the low volume during weekend).
New analysis suggests two possible scenarios for BTC and the whole market in general:
1 - Crossing above the upper boundary of the channel which shall lead to new ATH
2 - Crossing below yellow trendline and heading for lower levels. (This scenario is confirmed by crossing below 65800 zone)
New analysis suggests two possible scenarios for BTC and the whole market in general:
1 - Crossing above the upper boundary of the channel which shall lead to new ATH
2 - Crossing below yellow trendline and heading for lower levels. (This scenario is confirmed by crossing below 65800 zone)
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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.