BitcoinLong
BTCUSD rally likely to continue
BTCUSDSHORTS remains elevated. As a contrarian indicator, this will provide the fuel for bitcoin to rally from current levels.
Additionally, on the daily chart, the moving averages are bunched, suggesting a breakout is near.
The $7400 level will be the real test. A sustained break above it would usher in further gains, and create bullish momentum that should last.
Additionally, on the daily chart, the moving averages are bunched, suggesting a breakout is near.
The $7400 level will be the real test. A sustained break above it would usher in further gains, and create bullish momentum that should last.
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.