Bitcoin Update:
There was a nice 12% bounce back from the support line, reaching to $68.2k, but it's still not good enough to break the ceiling. BTC's daily close was at $67.8k, and the daily opening began with a rejection.
BTC must break the resistance to continue the rally. The $60.8k level remains a valid support if BTC experiences rejection.
Note: This content is for educational purposes only and is not financial advice.
There was a nice 12% bounce back from the support line, reaching to $68.2k, but it's still not good enough to break the ceiling. BTC's daily close was at $67.8k, and the daily opening began with a rejection.
BTC must break the resistance to continue the rally. The $60.8k level remains a valid support if BTC experiences rejection.
Note: This content is for educational purposes only and is not financial advice.
Note
#BTC failed once again.
With the current rejection from $68.2k, BTC is finding its support between $60.8k to $63k. Holding these levels is crucial for BTC if not then the correction phase will likely continue.
Trade safely.
#BTC #Cryptocurency
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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.
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.