Bitcoin Tests Upper Resistance Line in Downchannel
Bitcoin just tested the upper resistance (solid red) line in a down channel for the fourth time since its all-time high, indicating that an imminent breakout to the upside of this line would be a bullish signal whereas a reversal from here could followup if the breakout fails in the immediate term.
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.