BitcoinLong
Bitcoin Broke Out of Its Descending Resistance Line
Price broke out of its descending resistance-turned-support line where we see it rising to its resistance at 7499 (horizontal swing high resistance). We do have to be cautious of the intermediate resistance identified at 7182 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) approaching its support at 3.2% before making a bounce up.
Stochastic (55, 5, 3) approaching its support at 3.2% before making a bounce up.
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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.