Bitcoin: Closing on a decision
The long term horizontal resistance has continuously played a key role in helping identify an early market reversal. Price now is becoming ever more squeezed between it and rising support.
Until this market makes a new low it is not yet the longest bear market in bitcoin and it seems unlikely we will break that pattern of longer rising & falling market cycles.
If 3k breaks and ranges below it for a breif time, then a move back above it and the horizontal resistance should be a very good indication the long term trend has finally changed. Otherwise we'd need to see a move back above 6k to be certain.
Until this market makes a new low it is not yet the longest bear market in bitcoin and it seems unlikely we will break that pattern of longer rising & falling market cycles.
If 3k breaks and ranges below it for a breif time, then a move back above it and the horizontal resistance should be a very good indication the long term trend has finally changed. Otherwise we'd need to see a move back above 6k to be certain.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.