Bitcoin Still On Uptrend
I posted this chart around a week ago showing a major support line that has only been broken once since Bitcoin was $100.
You can see the price is continuing to fluctuate perfectly within the range between this support and a formed resistance.
I suspect BTC will find support around $44,000 before beginning another spike to the upside. I also believe we will break past the range’s resistance soon, as BTC has always broken out of this range quickly in the past (once it was entered).
This only stands for the absence of another black swan.
You can see the price is continuing to fluctuate perfectly within the range between this support and a formed resistance.
I suspect BTC will find support around $44,000 before beginning another spike to the upside. I also believe we will break past the range’s resistance soon, as BTC has always broken out of this range quickly in the past (once it was entered).
This only stands for the absence of another black swan.
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.