Bitcoin is continuing to establish value between $37.7K and $40K. It appears that BTC is not quite ready for the $40K's yet. Be careful, because we appear to have a prolonged head and shoulders type pattern with the neckline at $37.7K. If we are to break down, we will first have support at $36.7K but after that there is a vacuum zone to $34.9K. If we gain some traction and are able to crack the $40K handle, then $41.9K is our next target, then it should be clear sailing to $45K.
Note
Ethereum led Bitcoin! We are back above $40K!
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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.