BTC hits top of trend channel
Bitcoin / USD has hit the top of its current trend channel, and is not currently in a breakout. Yes, it has had a good week compared to previous ones, but until it breaks above the trendlines, don't expect much yet..
Also in the chart, we see previous resistance around the 50% Fibonacci retrace line, so if it does make a run for it, expect to see some downward pressure there.
Long-term I am very bullish. Supply gets cut down every 4 years, Millions of BTC already locked up / cannot be accessed, and history does repeat itself.
Also in the chart, we see previous resistance around the 50% Fibonacci retrace line, so if it does make a run for it, expect to see some downward pressure there.
Long-term I am very bullish. Supply gets cut down every 4 years, Millions of BTC already locked up / cannot be accessed, and history does repeat itself.
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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.