Did a TA on Bitcoin/USD. Seems like it is consolidating around the low 9k region right now. Not only that, signs of an ascending triangle also in place. Key support still at $8,454 and key resistance still valid at $10,105. Right now, bitcoin seems to be the one dictating the moves for the other cryptos as well. Why? you might ask. Simply because the prices of cryptocurrencies are currently affected by sentiments from the outside world as a whole and when crypto market goes up, everything goes up and vice versa.
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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.