The situation at the moment is quite dubious, the price has been around the old ATH for six months now, I don't feel like saying that we are entering a bearish period for the simple fact that there has not been a violent rejection on the old ATH and I don't even feel like saying that the price action is bullish, because in this case the price, after closing above the old ATH would have used it as support and then continued upwards. Right now I'm just watching what happens
Note
monthly close is not bad (above the previous cycle highest monthly close, but we need to start trading above 69k for bullish continuation
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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.