Lower to Upper Band, IF BTC holds could see bulls return unless.
Looks like BTC was on a bearish trend in the hourly candles for quite some time until it started forming a reversal pattern trending upward.
If BTC holds the hourly bands up we could see it trend up and rally higher once it passes 60k,
if it breaks the upper bands we could see a return to bearishness
If BTC holds the hourly bands up we could see it trend up and rally higher once it passes 60k,
if it breaks the upper bands we could see a return to bearishness
Nota
This is dubious speculation – remember these are just lines on a chart. It's broken through the original band. However, as it stands it still could go either way, in my opinion.
Penafian
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Penafian
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.