BitcoinShort
USD 10,000 breakout and big drop
There're to formations which shows me the same result. Ascending Chanel - where we will break out from 10k up to $10,100-$10,300 and will drop until $8,300. And Triangle which will drop approximately for the same level till the base of triangle. Anyway my view is that current uptrend started on the US-Iran crises and follow upped by Coronovirus news. There were no any significant increase in market capitalization. That is why in my opinion we will have significant drop until halving, maybe we will touch December 2019 lows.
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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.