The currency is now trading at 43500$ and is trading within a downtrend channel at the time of writing this trade suggestion. The scenario for Bitcoin is ambiguous: on the one hand, a price above the psychological threshold of 40000$ recommends long, but on the other, the declining channel at present levels is beginning to signal sell.
However, a little upward advance to the upper boundary of the downtrend channel is anticipated at this time. You can take the level of 44452$ for a sure take profit. This level has a strong resistance region, and the area's trading is unlikely to allow buyers to continue higher in the short term.
However, a little upward advance to the upper boundary of the downtrend channel is anticipated at this time. You can take the level of 44452$ for a sure take profit. This level has a strong resistance region, and the area's trading is unlikely to allow buyers to continue higher in the short term.
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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.