BTC, at the moment, is still sitting in this zone, which is between 20k and 19k. We want to see whether the BTC price should or must break this level and break out from the downtrend and go upward slowly. Because the price is still under this downtrend line and below current resistance, if the price fails to break out from this present resistance, perhaps we will see the price make another retest of our recent big support zone.

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.