I believe Bitcoin will break into the 50k region and start trading in the box as drawn.
I believe that this won't be a straight line towards 56k as there is a lot of resistance at 50k.
We should see a 50k break then some consolidation for a test to mid 50s, whales may try to liquidate some longs by pushing bitcoin out of 50k.
I believe that this won't be a straight line towards 56k as there is a lot of resistance at 50k.
We should see a 50k break then some consolidation for a test to mid 50s, whales may try to liquidate some longs by pushing bitcoin out of 50k.
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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.