BitcoinLong
CAN BITCOIN CLOSE ABOVE THE OCTOBER LOWS
Bitcoin has been dropping recently and the price has broken through the October low.
If the price closes below this low we would expect to see a further decline in the price
however, the price action could suggest the price is struggling to close below the lows.
The fakeout pattern forming could see buyers re-enter the market. If the market closes
above the October low look for long opportunities to the key resistance levels.
If the price closes below this low we would expect to see a further decline in the price
however, the price action could suggest the price is struggling to close below the lows.
The fakeout pattern forming could see buyers re-enter the market. If the market closes
above the October low look for long opportunities to the key resistance levels.
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.