Bitcoin is approaching the lower end of the long term multi-year ascending channel. The low of the channel would correspond to around $33k.
Another support would be the 89 weekly EMA which corresponds to around $38k. A weekly close on the 16th of January below $38k and we could say with confidence we are in a bear market.
For the more bullish scenarios, check the last related ideas below.
Another support would be the 89 weekly EMA which corresponds to around $38k. A weekly close on the 16th of January below $38k and we could say with confidence we are in a bear market.
For the more bullish scenarios, check the last related ideas below.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
Related publications
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.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
Related publications
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.