#BTC/USD Update
#BTC/USDT
#Bitcoin has once again hit an all-time high over the weekend with a high point of $61800. Now we are retracing back and currently trading around 55000.
BTC is now just above its support zone, a risky position can be opened to target a return to 54000 at first and then the highs. Be careful though, this is a risky position
Technically, the situation remains positive at the Daily frame even if we can see some signs of bearish curves on the Wave Trend. On a 4h frame, the indicators have already given a downward signal.
#Bitcoin has once again hit an all-time high over the weekend with a high point of $61800. Now we are retracing back and currently trading around 55000.
BTC is now just above its support zone, a risky position can be opened to target a return to 54000 at first and then the highs. Be careful though, this is a risky position
Technically, the situation remains positive at the Daily frame even if we can see some signs of bearish curves on the Wave Trend. On a 4h frame, the indicators have already given a downward signal.
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.