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Bitcoin is near the resistance level on the weekly time frame
It seems that there is insufficient liquidity behind this level
Also, the rising channel has broken from the top, which shows the pressure of buying and consumption of liquidity
According to the designed chart, we will expect a correction in Bitcoin
If a good pivot is formed on the resistance, we expect the analysis to take place.
Bitcoin is near the resistance level on the weekly time frame
It seems that there is insufficient liquidity behind this level
Also, the rising channel has broken from the top, which shows the pressure of buying and consumption of liquidity
According to the designed chart, we will expect a correction in Bitcoin
If a good pivot is formed on the resistance, we expect the analysis to take place.
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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.