Bitcoinik

Bitcoin preparing for a breakout

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin unable to break the horizontal resistance of $59,500-$60,000. The uptrend line is behaving as support and we may see another test of the trendline before the breakout.

Bitcoin is now in the accumulation zone and trading in the range of $57,000-$59,500. This is a good time for alts to show good moves. We will share new signals and entries soon.

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.