XBTUSD 1M: Monthly Close in 7.5hrs
Zooming out to the monthly chart can certainly get rid of a lot of noise on the BTC chart. We've found support so far on this monthly supply block right before the final 6k breakdown last year, but unless we can close today above this $8500 line, it seems like a deeper dive or at least an extended sideways accumulation is in the cards from here on out.
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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.