Get started
Rawlings_NG

BITCOIN IC CONSOLIDATING AROUND $30K

Bitcoin / TetherUS (BINANCE:BTCUSDT)  
Rawlings_NG  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators Cryptocurrency BTCUSD Bitcoin (Cryptocurrency) bitcoinforecast bitcoinanalysis bearmarket
1
1
trendanalysis chartpattern indicator cryptocurrency btcusd bitcoin bitcoinforecast bitcoinanalysis bearmarket
Cryptocurrency as a whole has seen hell in recent times. However, BITCOIN has been able to maintain its position as the king of the market.

Bitcoin is trading within a descending TRIANGLE & CONSOLIDATING around $30K and below the weekly trendline that started from the 2018 PEAK of $20K.

QUESTIONS:
1.Will BTC be able to break back above the trendline any time soon?

2. Will the $30K consolidation hold as resistance to follow by bull run?

3.Do we expect BTCto continue the fall?


KINDLY share your thoughts, like, comment and FOLLOW.
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.