There is a bearish triangle on Bitcoin chart. During recent days the price broke through a bunch of resistances, it took a lot of fuel. We need at least a small consolidation and now BTC chooses where will it be.
Resistance levels are $8945 and $9160, the support is at $7900. The market tells to open a small SHORT position there, however we don't want to take this risk and short Bitcoin at bullish market. Risky traders can try to do this, resistances were mentioned above.
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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.