BTC needs a decisive smash of 56500 (0.618 Fibonacci Retracement Level) before it can head towards 58K. I don't see a good amount of Volume here. FTM is flat. And ETH is barely starting to play... So we need that volume push to get this going. I expect a retest of the top trend line of the rising channel at 56K. Or even a retest of support at 55700. After that maybe a definitive price move...
Comment
EDIT: BTC continued to dump lower to previous support levels near 53K...
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.