Price is currently flirting with the resistance point. If it fails to break through this point and develop a new support point, we could very well see a full retracement back down to $2700. However, if price breaks through this point and develops a support point, we will be on the way to making new highs up to the next resistance point at the $300,000 point. At this point, I'm neutral.
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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.