Bitcoin faces resistance: A battle for All-Time Highs
Updated
Currently, Bitcoin is facing several resistances prior to its attempt to reach all-time highs (ATH). A correction has started from the first resistance level, which could lead its price down to $63,000.
It won’t be easy to break through its ATH because there’s a significant amount of money waiting at those resistance levels, ready to exit.
Therefore, Bitcoin needs a catalyst to provide the strength to surpass these resistances and enter into a bull run.
It won’t be easy to break through its ATH because there’s a significant amount of money waiting at those resistance levels, ready to exit.
Therefore, Bitcoin needs a catalyst to provide the strength to surpass these resistances and enter into a bull run.
Note
It remains bearish as long as it does not break through the daily resistance.
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.