If Bitcoin can break above the descending trend line and the MA200, it could signal a reversal of the downtrend and a start of a new uptrend. The next resistance levels to watch are $35,000 and $40,000.
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.