BTCUSD broke the short-term trendline after hitting the resistance at 44k. After few days of consolidation in the range of 43k to 40k, BTC finally broke the downward trend line and now facing short-term resistance at $43.5k. Once this level is broken with confirmation we can see higher highs and possibly until the next resistance level which is around 50k. There is also good chances for the price to dip before the continuation of uptrend as there is CME futures gap at 39k.
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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.