On the edge of breaking down or not?
BTC broke the upward trendline and now is hoovering on the downward trendline. As long as it doens't break this line, we are still good. Best thing, on a thechnical basis would be that it stays on this line untilit reaches aorund 92000 dollar. There the 2 trendlines converge and it would be a massive bullish sign because it would make the resistance or floor around 92.000 dollar almost unbreakable. If it breaks the downward trendline, then 88.000 could also still be level to bounce from.
Under this and with confirmation, I think we are heading to 72.000 and this would be a midterm break of the bullish trend.
Let's hope the 92.000 level holds.
Under this and with confirmation, I think we are heading to 72.000 and this would be a midterm break of the bullish trend.
Let's hope the 92.000 level holds.
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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.