TheForecasters

BTC unable to break support

Viés de baixa
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC has been unable to break out above the 52 000 dollar area and establish it as support. This is a sign of weakness for for BTC and has technically made a lower high on a higher time frame.

I think we can start looking at BTC being in either a downtrend or to start ranging but I don't think we will see another ATH soon.

BTC is currently ranging between this support and resistance shown and we can expect a bounce of the support level around the 44 000 dollar area. If this support break we will look at entering a trade.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.