BitcoinLong
BTCUSD
Honestly,we've been ranging and I'm hoping tomorycan give us direction and momentum. By momentum I mean enough volume to give us a bullish or bearish spectrum.
We have ATH priced at 109,000 and recent monthly lows priced at 89,000 which serves as our range . A break below 89,000 sets us back to 78,000 (atleast). Otherwise, if we break above ATH then we go in search of new highs likely at 120000 (or more). I cannot predict new highs but maybe the use of Fibonacci can be beneficial.
Let's wait and see what this month brings in Bitcoin.
We have ATH priced at 109,000 and recent monthly lows priced at 89,000 which serves as our range . A break below 89,000 sets us back to 78,000 (atleast). Otherwise, if we break above ATH then we go in search of new highs likely at 120000 (or more). I cannot predict new highs but maybe the use of Fibonacci can be beneficial.
Let's wait and see what this month brings in Bitcoin.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.