Bitcoin support and resistance
Bitcoin is facing rejection at the resistance trendline of the descending triangle pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku cloud remains a strong resistance barrier. A confirmed breakout or breakdown is needed to determine the next directional move.
The Ichimoku cloud remains a strong resistance barrier. A confirmed breakout or breakdown is needed to determine the next directional move.
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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.