Bitcoin. What's next? Tech analytics 01/20 Long
Bitcoin / TetherUSBinance
Description
⋅ The week closed not very good for long positions, we carried out a resistance test and so far we have been able to pass
It will be indicative where the month closes, it is optimal to go above 45k
While we are moving into the range under the level, it is not advisable for a growing trend to go below 40k
At the 8 hour time frame we are seeing convergence, there is a chance to move away from the support level at the current mark
I wouldn’t put much faith in the “dying” price, I expect the bulls to be able to break away from 40k
Otherwise, you can go for 30k