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Right here on this chart, we have Bitcoin in an uptrend. Then price broke out from the rising channel at $58,900.
Then a pullback to the trendline followed. The current daily candle is going to determine the price next move, whether to go long to $72,000 or short to $48,000.
The trendline is currently serving as a support. If the support should hold, price is going to rise and break the ATH.
But if the trendline should fail, then price will fall back into the rising channel and begin to fall again.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on BITCOIN (BTCUSDT) 🤗
Happy Trading💰🥳🤗
Right here on this chart, we have Bitcoin in an uptrend. Then price broke out from the rising channel at $58,900.
Then a pullback to the trendline followed. The current daily candle is going to determine the price next move, whether to go long to $72,000 or short to $48,000.
The trendline is currently serving as a support. If the support should hold, price is going to rise and break the ATH.
But if the trendline should fail, then price will fall back into the rising channel and begin to fall again.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on BITCOIN (BTCUSDT) 🤗
Happy Trading💰🥳🤗
交易進行
Seems bitcoin has decided to follow the short route
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