BitcoinLong
BTCUSD ❕ the price formed an uptrend line
Long lower shadows indicate strong support.
Trading volumes are up.
50MA have broken through to the upside of the 100MA (1H TF).
Bitcoin has arguments to decline, so I don't expect a quick price reaction, but once the price fixes above the resistance level, BTC is likely to continue local rally.
Trading volumes are up.
50MA have broken through to the upside of the 100MA (1H TF).
Bitcoin has arguments to decline, so I don't expect a quick price reaction, but once the price fixes above the resistance level, BTC is likely to continue local rally.
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Related publications
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.