Keeping it simple for your traders with Bitcoin today, we have formed a diagonal support line which is a key level you want to watch pout for, if we break below supply will increase and the price could begin and downtrend to the secondary support which is around the $9,000 mark. However, if the current movement continues we could see the price break out above the resistance which would indicate we are going to see all-time highs above the $11,000. Keep and eye out and trade the lines accordingly.
- Orange - Resistance.
- Pink - Support.
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.
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.