BTCUSD day of the decision
BTCUSD is still struggling which way to go. It is testing the resistance of 9400 for the second time, also we are at the bottom of the uptrend line (marked with thick green). If the resistance breaks, we are probably heading down to the 7500-8200 area. I actually suspect a reversal from there. It is highly unlikely to go below 6500 and I strongly disagree that we can reach 5500 as a few people suggested. However, one can never say never in crypto :D
Happy panicking ;)
Happy panicking ;)
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.