Since the beginning of the year, BTCUSD has surged by over 3000 pips. After reaching the 71k mark, the pair initiated a correction move. However, this move was swiftly halted by the bulls around the 56k mark.
Observing the daily chart, BTC has been pressing against the 71k resistance level, touching it four times. A break above this level appears imminent.
The bulls are favored to win this battle. A daily close above the 72k resistance is expected to accelerate the price towards the 85k mark.
Observing the daily chart, BTC has been pressing against the 71k resistance level, touching it four times. A break above this level appears imminent.
The bulls are favored to win this battle. A daily close above the 72k resistance is expected to accelerate the price towards the 85k mark.
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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.