amaghucollins

This Weekly close will determine bitcoin next move

BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin as seen, has reached the top of the rising channel, moving inside a bullish horn. The weekly candle has closed several times under the top of the rising channel I need to retrace for more bullish force to break the top side of the rising channel.

Bitcoins fundamentals are good but if the weekly candle closes below The breakout of the bullish horn, bitcoin's price might continue to decline until the midline of the rising channel at around $38000 to $39000. But if the weekly candle closes above the lower boundary of the bullish horn, we might see bitcoin heading towards $80000 to $100000.

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.