BTC/USD by CryptoTradersWW
Price is moving within a broader wedge pattern, similar to other coins, with equal touches of support and resistance so far.
Currently, the price is bouncing off a daily level of support that, if broken, increases the likelihood of a drop to rising support.
The bullish case for the price is if it reclaims 40k as support, which would indicate that a move higher is more plausible.
As a side note, both the up and down moves were swift, implying that the return to these levels would be just as swift.
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☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
Currently, the price is bouncing off a daily level of support that, if broken, increases the likelihood of a drop to rising support.
The bullish case for the price is if it reclaims 40k as support, which would indicate that a move higher is more plausible.
As a side note, both the up and down moves were swift, implying that the return to these levels would be just as swift.
<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.