#BTC
The market looks good, bitcoin is in a rather bullish condition. We have successfully overcome the resistance of the first downtrend and are faced with the second. Now you can see that the area around 4,100 is an important milestone for determining the future course of the price movement: fixation will continue the bullish scenario and uptrend, but if we fail to break through it, we will roll back to 3700. In any case, the market is very bullish and we either immediately go up, or roll back and go up. Support for 3700 looks tight and looks like a “double bottom”, which reduces the chances of getting lower. Now the market looks positive, we are waiting for consolidation above 4100 and we will watch the movement to the following resistances.
The market looks good, bitcoin is in a rather bullish condition. We have successfully overcome the resistance of the first downtrend and are faced with the second. Now you can see that the area around 4,100 is an important milestone for determining the future course of the price movement: fixation will continue the bullish scenario and uptrend, but if we fail to break through it, we will roll back to 3700. In any case, the market is very bullish and we either immediately go up, or roll back and go up. Support for 3700 looks tight and looks like a “double bottom”, which reduces the chances of getting lower. Now the market looks positive, we are waiting for consolidation above 4100 and we will watch the movement to the following resistances.
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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.