BTC USD
Updated
As can be seen from the graphs, the trend lines are marked. We will probably move to a lower level, repeating the pattern from 2 weeks before, going to 6900 level. If that does not hold, we will retest the lower supports.
However, if you look at 2014 charts, you could see the very similar patter since ATH and that the latest pump in price to 7599 to be the last peak made, before make a bottom and then moving up for new highs.
However, if you look at 2014 charts, you could see the very similar patter since ATH and that the latest pump in price to 7599 to be the last peak made, before make a bottom and then moving up for new highs.
Note
We are still within the range. Bitcoin is moving sideways nicely, considering the volume. I expect a retest of 7700 in a few days, and if we manage to close above that would a bullish signal for bitcoin. Let's see for now how the trade developsNote
Touched yellow line
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.