Next low & High are crucial for bitcoin
On the weekly time frame, bitcoin is still forming lower lows & lower highs. All other time frames are representing that we are out of the bear trend & that we are now forming higher highs & higher lows.
Over the coming weeks, if the next low can manage to stay above ~6800 level & the next high can mange to get above ~11800, I would be confident the trend is after changing & I would also anticipate more buyers coming into the market.
Over the coming weeks, if the next low can manage to stay above ~6800 level & the next high can mange to get above ~11800, I would be confident the trend is after changing & I would also anticipate more buyers coming into the market.
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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.