Trendlines project a shift in trend towards upwards movement. The coming weeks will be key to observing whether external factors (Coronavirus, DOW Jones, etc.) will affect this shift. Although after the tilt, the movement of BTC has already seen a steep pullback, trendlines suggest more movement upward. Otherwise, a steep decline towards sub 4000 levels could be observed.
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.