Bitcoin is in a descending channel and is about to touch the Weekly MA 50 and the 0.618 fibonacci retracement. I would expect a rebound from there, however if Bitcoin does not hold those levels I expect further decline. Anyway we are still not interested in buying. Trade safe
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.