Bitcoin is trading in a range for 3 weeks now and although it had a break of resistance on Monday, this proved to be a false one and the main cryptocurrency fell under this again.
Usually, after a false break in one direction, the asset will have a real break in the other direction, and if this holds true also in this case, Bitcoin could fall again under 27500 and test 25k.
My outlook on the short term is bearish Bitcoin at this moment and only the price above 32.500 would make me change my mind
Usually, after a false break in one direction, the asset will have a real break in the other direction, and if this holds true also in this case, Bitcoin could fall again under 27500 and test 25k.
My outlook on the short term is bearish Bitcoin at this moment and only the price above 32.500 would make me change my mind
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.