Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is testing support at points 58000. This could give a positive reaction, but a downward breakthrough of points 58000 means a negative signal. The currency is assessed as technically neutral for the short term.
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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.