BTCUSD Update
If the key level 21,322.54 continues to hold up then we can see 25 to 26k tested again
If the markets open up week selling off then this will likely not hold up
BTC daily candle lows from 7/26 tested yesterday forming a double bottom. 7/26 lows of 20,700 and 8/20 lows of 20,769
Also important to note the strong double bottom on the 1 hr chart. Super clean and strong rejection of 20,700 and reclaim of 21,322.54 level is bullish for me
If markets cannot hold up like almost immediately this week I would expect this to fall apart most likely.
If the markets open up week selling off then this will likely not hold up
BTC daily candle lows from 7/26 tested yesterday forming a double bottom. 7/26 lows of 20,700 and 8/20 lows of 20,769
Also important to note the strong double bottom on the 1 hr chart. Super clean and strong rejection of 20,700 and reclaim of 21,322.54 level is bullish for me
If markets cannot hold up like almost immediately this week I would expect this to fall apart most likely.
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.