BITCOIN: STILL UNDER THE RESISTANCE.
Updated
Hello traders, welcome to the new week BTC update in 4 hours timeframe.
After a 4 days sideway move around 16.5k, BTC finally moved downward with the lowest drop at 16k. The current price is trending at 16.3k but is still in danger because the resistance is at 16.5k. I am not pretty sure if BTC can break this resistance level but if it does, It could be a game changer for the market. For now, as it is under the trendline and close to the resistance, it is hard to take any long calls.
Let's see how it will end up by the end of the day. Until then trade safely.
After a 4 days sideway move around 16.5k, BTC finally moved downward with the lowest drop at 16k. The current price is trending at 16.3k but is still in danger because the resistance is at 16.5k. I am not pretty sure if BTC can break this resistance level but if it does, It could be a game changer for the market. For now, as it is under the trendline and close to the resistance, it is hard to take any long calls.
Let's see how it will end up by the end of the day. Until then trade safely.
Comment
Here we go.
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.