Bitduke

XBTUSD - In the middle of the channel

BITMEX:XBTUSD.P   Bitcoin
Bitcoin still moving sideways. After it failed to hold above $11500, it's floating in the middle of the big channel between $12k and $10.8k.

Currently bitcoin tries to make a retest of the $11500 zone. Things are simple here.If Bitcoin fails to break through $11.5k, then it will be a bearish retest. Otherwise, we will test 12k again. Short-term bearish bias here a bit more favorable, but it can changes quickly.

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Information is just for educational purposes, never financial advice. Always do your own research.

Penafian

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