BTC recently tried to update the highest price, but could not exceed it, and it seems to be stalling.
Currently, it is developing price movements within the rising parallel channel, the RSI and MACD are down, and the chart shows that the upside is heavy. Once the adjustment is unlikely to escape.
When that happens, it's natural to be aware of $18,500.
However, even if it is supported here, it will be repulsed.
There is a high possibility that it will be sold, and around $19,000 will function as a resistance level.
Most recently it will be sold.
If it breaks below $ 18,500, it could drop to $ 17,200.
Short-term traders will need to restructure their strategies.
Currently, it is developing price movements within the rising parallel channel, the RSI and MACD are down, and the chart shows that the upside is heavy. Once the adjustment is unlikely to escape.
When that happens, it's natural to be aware of $18,500.
However, even if it is supported here, it will be repulsed.
There is a high possibility that it will be sold, and around $19,000 will function as a resistance level.
Most recently it will be sold.
If it breaks below $ 18,500, it could drop to $ 17,200.
Short-term traders will need to restructure their strategies.
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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.