Bitcoin- Bulls need 55.500-56k zone intact
Yesterday I was wondering if Bitcoin has resumed its bull trend and so for, from my point of view, things are not clear.
The rally started at 53k stopped in 59k resistance zone and now Bitcoin is in a pullback.
If this is a correction for 53k-59k rally remains to be seen, but as long as the price is under the recent low we can't call for a resumption to the uptrend.
On the other hand, if bulls fail in holding 55.500-56k zone intact, we can have a continuation to the downside and I doubt the recent support will hold this time.
I'm out from any crypto trade at this moment and waiting for clarification
The rally started at 53k stopped in 59k resistance zone and now Bitcoin is in a pullback.
If this is a correction for 53k-59k rally remains to be seen, but as long as the price is under the recent low we can't call for a resumption to the uptrend.
On the other hand, if bulls fail in holding 55.500-56k zone intact, we can have a continuation to the downside and I doubt the recent support will hold this time.
I'm out from any crypto trade at this moment and waiting for clarification
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Publications connexes
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.