BitcoinLong
Bitcoin likely headed higher
Bitcoin and other cryptos remain supported.
BTC formed an inverted doji/shooting star candle off resistance around $24,600 on Thursday, which looked rather bearish. However, we have not seen any significant downside follow-through, suggesting Thursday's price action was driven by profit-taking than intense short-selling.
Thus, I think BTC will go on to take out liquidity resting above that doji candle from Thursday en route to
25K, possibly reaching the next resistance at $25400.
By Fawad Razaqzada on behalf of FOREX.com
BTC formed an inverted doji/shooting star candle off resistance around $24,600 on Thursday, which looked rather bearish. However, we have not seen any significant downside follow-through, suggesting Thursday's price action was driven by profit-taking than intense short-selling.
Thus, I think BTC will go on to take out liquidity resting above that doji candle from Thursday en route to
25K, possibly reaching the next resistance at $25400.By Fawad Razaqzada on behalf of FOREX.com
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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.