BTC - breakout ahead? (BTC vs. 8700 area)
As you can see is the 8700 level very important.
The blue resistance line got REJECTED 3 times
On the MA you see a bullish cross wich is a positive sign. This could mean it breaks the blue resistance line but it's not certain because last time it got rejected as well.
Personally I think it's going to BREAK the blue resistance line this time, going up towards 9K.
If not:
8700 --> 8300/8400 --> retesting 8700
If it gets rejected again.. going to the lighter blue line (6250)
You know what happens after that.
The blue resistance line got REJECTED 3 times
On the MA you see a bullish cross wich is a positive sign. This could mean it breaks the blue resistance line but it's not certain because last time it got rejected as well.
Personally I think it's going to BREAK the blue resistance line this time, going up towards 9K.
If not:
8700 --> 8300/8400 --> retesting 8700
If it gets rejected again.. going to the lighter blue line (6250)
You know what happens after that.
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.