Is the current consolidation in Bitcoin's ascent only a pause on the way to higher levels? That is what Cathie Wood thinks. The influential investor has always been bullish. On the other hand, renowned hedge fund manager ay Dalio is skeptical.
On the one hand, regulation is weighing on digital assets, but hopes for the end of Fed hiking is a positive development.
The 4h-chart shows a loss of upside momentum, but BTC/USD's hold of the 4h-50 SMA means bulls are holding up.
Support is at
29,706, followed by
29,230 and
28,819. Resistance is at
30,580, followed by
31,043 and
31,734.
On the one hand, regulation is weighing on digital assets, but hopes for the end of Fed hiking is a positive development.
The 4h-chart shows a loss of upside momentum, but BTC/USD's hold of the 4h-50 SMA means bulls are holding up.
Support is at
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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.