This retracement reflects a temporary correction in the prevailing upward momentum of Bitcoin's price. Pullbacks are a common occurrence in financial markets and are considered natural within an overall upward trend. As traders and investors, it is essential to monitor key chart levels and technical indicators for potential invalidation levels in case Bitcoin breaks to the upside.
However potential levels to look at are 31k and 32k, as holding above key resistance (32k) Would signify that Weekly would become bullish as it holds there. It has to hold there for weekly to become bullish.
However potential levels to look at are 31k and 32k, as holding above key resistance (32k) Would signify that Weekly would become bullish as it holds there. It has to hold there for weekly to become bullish.
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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.