Right now, the most informative analysis of Bitcoin price is the short-term analysis. That's why let's look at the 1 h chart.
On the left side of my chart, I drew two dynamic lines: support and resistance and I got a "Conditional Triangle".
You can see that the price isn't hurry to break through in any direction - it moves slowly in sideways movement.
But we can see a slight "twist" (yellow zone)in the price, which could mean a decline in price to +-20 k or a continuation of the sideways movement in the +-500$ range.
What do you expect? Share your thoughts in the comments...
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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.