The movement of Bitcoin in the last days is very bullish. After we broke the important resistance at 42k we straight pumped up to over 44k. Bitcoin needs a retest to avoid a crash. The retest of 42k is necessary maybe even 40k. We were rejected by 42k several times and haven’t retested it yet so we might drop below it because there’s not that much support volume in that area. We broke the sharp upward curve to the downside which indicates that the rising has is not going to continue in the next several days.
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.