Although BTC reached $50000 today, the last week candle closed below the mid-line of the blue channel and below the horizontal resistance at $50500.
looking back on history, BTC hit the mid-line of the channel on Jan 21 and price decreased to $29000 where is defined by a circle. after breaking this area on Feb21, it came back below this line on May 21.
I believe that BTC will test the white line once again then it may break the $50000.
looking back on history, BTC hit the mid-line of the channel on Jan 21 and price decreased to $29000 where is defined by a circle. after breaking this area on Feb21, it came back below this line on May 21.
I believe that BTC will test the white line once again then it may break the $50000.
Note
Last week, BTC could not break its important resistance at $50500.
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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.