Hello Traders,
BTC is in a very critical point of either breaking upwards and end the bearish market or crash. Currently, BTC is facing a strong resistance (the white line). If it passes it, next target is the red downtrend line. I think we are going to test it soon. For BTC to start a bullish movement, it needs to go and stay above the red line. Otherwise, BTC will go down to the areas highlighted in the blue boxes. RSI and MACD are positive. Keep an eye on the volume
For a safe trade, wait for BTC to test the red downtrend line.
BTC is in a very critical point of either breaking upwards and end the bearish market or crash. Currently, BTC is facing a strong resistance (the white line). If it passes it, next target is the red downtrend line. I think we are going to test it soon. For BTC to start a bullish movement, it needs to go and stay above the red line. Otherwise, BTC will go down to the areas highlighted in the blue boxes. RSI and MACD are positive. Keep an eye on the volume
For a safe trade, wait for BTC to test the red downtrend line.
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