Bitcoin has just experienced a high volume dump at the highs, suggesting another move of sideways movement between 3950 and 3920.
This shows bulls exhaustion, unable to break new highs.
Bulls only chance of recovery is forming a strong support at 3950 and attacking the resistance again marked in the chart.
a breakdown of 3920 would a open good short for further downside.
Key levels of support is 3862, a break down of that support would be very bearish for the market.
This shows bulls exhaustion, unable to break new highs.
Bulls only chance of recovery is forming a strong support at 3950 and attacking the resistance again marked in the chart.
a breakdown of 3920 would a open good short for further downside.
Key levels of support is 3862, a break down of that support would be very bearish for the market.
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Trade closed: target reached
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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.