I believe that BTC is going to test the resistance once more with some buying pressure. Then reject it and create a higher low while also touching the support to breakout above the resistance level and create higher highs. Price is also testing the 50MA from below on the Daily chart and is quite stagnant but I believe that is just building explosive pressure to breakout upward or at least establish a new high to keep that slight uptrend in motion. On the weekly chart we are pretty bullish as well. Price seems to be trying to use the 50MA as support hopefully propel itself upward. My sentiment currently for BTC is BULLISH.🐂
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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.