Hi guys,
If you have a look at the price action on the lower time frames as well Its not a completely convincing BTC breakout.
Also looking at the RSI on the 1hr it's looking like it's favouring some bearish movement more than a continuation higher.
Nevertheless, as we know a break above this 200 MA would be extremely beneficial to bitcoins progress higher and would likely facilitate a breakout for ATH's.
However, it would be equally detrimental if we saw a rejection of this 200 MA level and if this scenario played out we would likely see a drop back down to the 37k levels.
If you have a look at the price action on the lower time frames as well Its not a completely convincing BTC breakout.
Also looking at the RSI on the 1hr it's looking like it's favouring some bearish movement more than a continuation higher.
Nevertheless, as we know a break above this 200 MA would be extremely beneficial to bitcoins progress higher and would likely facilitate a breakout for ATH's.
However, it would be equally detrimental if we saw a rejection of this 200 MA level and if this scenario played out we would likely see a drop back down to the 37k levels.
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.