BTC - 4H Consolidation
4H is expected to stay between our zone at least until the end of the year, since there won't be much news on Bitcoin this week until 31st.
However, even if we have a breakout, it could be a fake breakout so staying out of any trade would make sense.
Personally I see Bitcoin more bullish even toward breaking the 25k and 26k because the market is still on a Heavy Higher time frame momentum and Paypal is going to launch bitcoin payment for ordinary merchants starting in early 2021 could spike BTC price.
However, even if we have a breakout, it could be a fake breakout so staying out of any trade would make sense.
Personally I see Bitcoin more bullish even toward breaking the 25k and 26k because the market is still on a Heavy Higher time frame momentum and Paypal is going to launch bitcoin payment for ordinary merchants starting in early 2021 could spike BTC price.
Related publications
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.