As you can see on this close up of verified trend lines, BTC did in fact make it back into ONE of the trend lines and is holding there now after being rejected earlier from the trend line above the one it is now and after having held the last trend line before 6k below it. We held at 7500 as I predicted, however I'm still seeing a lot of weakness and do expect more downward pressure for the next week or so- We could just go sideways for a bit and maintain these levels, however my gut tells me me could be in for one more try at pushing us down before we resume upward movement for the summer.
Just my analysis- not financial advice- DYOR. :-)
Just my analysis- not financial advice- DYOR. :-)
Note
I would be looking at Altcoins for next couple weeks- then buy back into BTC- just a suggestion- all the best!
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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.