Don't get too excited yet - Bitcoin Weekly Analasys
Don't get too excited over a 10% price jump within a 25% price correction. We still have to break this EXTREME resistence at 49-50k.
Not only is there major resistence on many trend indicators, but Bitcoin had also broken below two parabolic curved lines following its bullrun which currently is at around 50.1k and stands as a potential major rejection point on larger timeframes.
Trade safe, use stops and think in terms of probabilities.
Not only is there major resistence on many trend indicators, but Bitcoin had also broken below two parabolic curved lines following its bullrun which currently is at around 50.1k and stands as a potential major rejection point on larger timeframes.
Trade safe, use stops and think in terms of probabilities.
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