Mihai_Iacob

Bitcoin held very well. Reversal could be next

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin held its ground very well through Binance and Coinbase problems.
As we know, more often than not, when bad news is not affecting an asset and don't lead to a technical break, the asset is reversing to the upside and this also could be the case for BTC.
From a strictly technical perspective, 25k is strong confluence support, given by the trend line started at the beginning of the year and the horizontal level.
Also, the recent drop from 30k is corrective and a falling wedge.
Thant being said, BTC back above 27k would confirm the bullish outlook and could lead to a retest of the recent high or even a new one around 35k

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.