Profound_Ambition

BTCUSD 8 Hour

Profound_Ambition Updated   
BITSTAMP:BTCUSD   Bitcoin
Price has reached broken support looking left, forming a new lower high here which aligns with the descending trend line. Personally, I am anticipating for price to make one more leg lower to the higher timeframe key level support, where a reversal may occur & buyers may step in to take control again around 30K... However, if price makes a breakout to the upside of this region price is stalling, then we could see the market shift & for buyers to keep pushing price higher.
Comment:
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.