$BTC breaks the bearish channel
Bitcoin seems to have left behind the bearish pressures that, with ups and downs, it has been having during the last month and a half.
In barely six days, Bitcoin has risen from $9,400 to $12,245, its current level. This represents a 24% increase.
The Bitcoin´s bearish channel has been just broken, and it couldn´t have done it better. BTC broke it and flipped the upper band of the channel from resistance to support with a small retracement. Then, it continued rising until R1.
Now, there are two potential scenarios:
- Bullish. BTC retraces to S1 to thereafter attack R2 at around $13,000
- Bearish. The pull-back is larger and the price retraces to S2.
In barely six days, Bitcoin has risen from $9,400 to $12,245, its current level. This represents a 24% increase.
The Bitcoin´s bearish channel has been just broken, and it couldn´t have done it better. BTC broke it and flipped the upper band of the channel from resistance to support with a small retracement. Then, it continued rising until R1.
Now, there are two potential scenarios:
- Bullish. BTC retraces to S1 to thereafter attack R2 at around $13,000
- Bearish. The pull-back is larger and the price retraces to S2.
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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.
The best cryptocurrency automated trading platform.
-Cryptohopper-
cryptohopper.com/
-Cryptohopper-
cryptohopper.com/
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.