The daily chart is still locked in a sideways channel between 9280 and 11788. Watch out for an outbreak of this channel.
Pivot point is at 10070.
Pivot point is at 10070.
Note
I expect that the price of Bitcoin will remain inside the blue triangle for the next few days. Note
Down momentum became quite powerful. BTCUSD broke out of the blue triangle and it is inside the down channel again. The next target is 8571. Yes, Bitcoin got a direction. It is heading South again.
We will see within the next few days a drop to 6000 and maybe even to 5511.
Note
It was a false outbreak. The price of Bitcoin is back inside the blue triangle, where it will probably remain for the rest of the night. 
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.
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.