Bitcoin analysis shows the possibility of an upcoming local top. But it is too early to confirm the trend change. There are important resistances in front of Bitcoin . The most important resistance facing Bitcoin is the swing area resistance. In order for Bitcoin to break this resistance in Renko analysis, its price must reach around $20,000. If Bitcoin returns to the swing zone, the possibility of a trend change should be taken seriously
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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.