Hi dear traders
Bitcoin is in a critical area. As you can see, there are many resistances in the $ 40 ,000 to $ 45,000 area: the resistance of different trendlines , Ichimko resistance, and the resistance of MA 200.
What is very important is the price action in this area. If the price can cross the resistance area with high volume , I will expect a new bull market to begin.
But my personal opinion is that it will be tough for Bitcoin to overcome all this resistance and reach a price higher than $ 46,000
Bitcoin is in a critical area. As you can see, there are many resistances in the $ 40 ,000 to $ 45,000 area: the resistance of different trendlines , Ichimko resistance, and the resistance of MA 200.
What is very important is the price action in this area. If the price can cross the resistance area with high volume , I will expect a new bull market to begin.
But my personal opinion is that it will be tough for Bitcoin to overcome all this resistance and reach a price higher than $ 46,000
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.
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.