BitcoinUpdated BTC Bearish scenarios
Two possible bounce points along the long term trend line are marked. Place buy orders in these locations to support long term bullish trend and get best possible buy-in price. Price will likely bounce at one of these dates/price levels and continue along bullish channel. If a strong break occurs below long term trend line in October exit the markets.
Note
It is unlikely that BTC will reach either lower support area. It has broken through resistance. A retrace to $3410 is still possible, but bullish momentum seems to be taking over.
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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.