Is Bitcoin going for another range rotation?
Mis à jour
Bitcoin is going sideways now for over half a year, to expect the breakout either to the upside or downside would be ignorant to me.
For me as a Technical Trader it's clear as Day that i'm going to trade this range until it breaks, with the ugly highs at 27480 from 19. September 2023 it's likely to me that we want to visit this area again and since there is no big resistance i expect Levels suchs as 29300 which also lines up with the current Range VAH.
For me as a Technical Trader it's clear as Day that i'm going to trade this range until it breaks, with the ugly highs at 27480 from 19. September 2023 it's likely to me that we want to visit this area again and since there is no big resistance i expect Levels suchs as 29300 which also lines up with the current Range VAH.
Note
Bitcoin got a breakout of the range with a lot of Volume because of the ETF news, as long as we trade above 31k i expect higher prices.DXY is currently going sideways, and the Stock market is dropping hard. We will see if BTC is actually leading the Global markets currently which would be unbelievable for many.
more probable would still be that crypto is just once more going for a massive Bulltrap, as the Higher time frame is still making lower highs.
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