Bitcoin price could squeeze here for a second before potentially breaking out of this mini descent, then turning the upper trend of this channel into support giving the bulls a chance to target the 42k level early next week. If this level is rejected we are likely going to see a sub 30k USD bitcoin in the short term.
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.
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.