Bitcoin recently experienced a large downtrend, this is mainly because there was 'Competition' between it's relative, 'Bitcoin Cash' which saw prices of $2800 on some exchanges.
An ascending triangle pattern has formed which can indicate an upcoming bullish trend, the price is also trying to break the resistance price of $6,500 which you want to watch out for. If we break this we could see prices heading back up to $7,000, on the other hand, we may fall back to the support line on the triangle and if broken we could be plummeting even lower.
As always trade the lines accordingly.
An ascending triangle pattern has formed which can indicate an upcoming bullish trend, the price is also trying to break the resistance price of $6,500 which you want to watch out for. If we break this we could see prices heading back up to $7,000, on the other hand, we may fall back to the support line on the triangle and if broken we could be plummeting even lower.
- Orange - Resistance.
- Purple - Support.
As always trade the lines accordingly.
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.