Bitcoin / TetherLong
BITCOIN UPDATE- Buying gets triggered above $8200
Despite dipping below its 8-months trend line of $7800 and touching a daily low of $7318, Bitcoin managed to recover above its major support area of $8000 due to the recent short covering in today's session. We can see a small falling wedge pattern on the charts today which indicate a short term exhaustive buying in BTC if it sustain above $8200.
Bitcoin is taking the immediate support at $8000, below which the next key support area is $7800. On the upper side, it is facing resistance around $8500-$8600. A break above this level we can take target resistance to $9000.
However the long term technical outlook still seems a bit shady for Bitcoin as it is hovering around its 8 months trend line and traders are skeptical about the future of the digital assets amid all the negative news.
Bitcoin is taking the immediate support at $8000, below which the next key support area is $7800. On the upper side, it is facing resistance around $8500-$8600. A break above this level we can take target resistance to $9000.
However the long term technical outlook still seems a bit shady for Bitcoin as it is hovering around its 8 months trend line and traders are skeptical about the future of the digital assets amid all the negative news.
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.
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.