If bitcoin breaks higher, I expect price to so $57000
Since the beginning of the bear market Bitcoin has been making LH's on the HTF. So we can assume we're still in a bear market. There have been some rally's along the way but 50k is a big area of resistance and if we don't claim this level I expect a major move to the downside over the next month or two. We're currently sitting at a nice VAH area there's lots of demand for prices lower around the 35k region.
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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.