where will this phase end
Bitcoin entered its downturn a few months ago with the completion of the head and shoulders pattern, but where will this phase end?
Bitcoin is now on strong support, but if it can not maintain that support
Given the head-to-shoulder distance in the two models that can be considered for it, it is surprising to see that both point to the great support of bitcoin in 1665. In the coming months, bitcoin is expected to reach the main resistance line. Collide and return, but finally, when it reaches its great support line in 1665, ends the downtrend and takes a new uptrend.
Bitcoin is now on strong support, but if it can not maintain that support
Given the head-to-shoulder distance in the two models that can be considered for it, it is surprising to see that both point to the great support of bitcoin in 1665. In the coming months, bitcoin is expected to reach the main resistance line. Collide and return, but finally, when it reaches its great support line in 1665, ends the downtrend and takes a new uptrend.
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.