Today the story on Bitcoin is quite simple from a technical perspective. We have a battle of trendlines occurring. On our price chart Bitcoin is back down to that purple ascending support. Technically, this is great news as we needed a retest here before further upmovement (if that is the current trajectory). However, there is some trouble on the RSI as we bang our heads on resistance. Which will win?
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.