BitcoinLong
Crossroads
The lower trendline of the current two month uptrend has been tested repeatedly. If we break below ~130 we might see at best further corrections of the upward pushes from August, or at worst the start of a new downtrend if the doubletop formation gets confirmed, somewhere below ~125-120.
However, the trend seems still intact for now, so unless some fundamental bearish events occur I guess we will bounce upwards off the 130-line and continue the uptrend.
However, the trend seems still intact for now, so unless some fundamental bearish events occur I guess we will bounce upwards off the 130-line and continue the uptrend.
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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.