BTCUSD - Critical Point

2021年9月14日

In this idea we're looking at the Bitcoin price on the daily chart. After approaching the all-time-high in April, the price has now made a lower high - pointing towards the begin of a short-term downwards trend.
From a technical point of view we are looking for two scenarios

• A higher low confirming the new emerging upwards trend, starting in July with $65.000 in sight
  
• A lower high followed by a lower low, confirming the rejection at the resistance with $30.000 in sight