Bitcoin (Fake breakout) Resumes Drop

What we saw recently for Bitcoin (XBTUSD) was a fake breakout. Prices moved above support just to quickly fall back down.

Our previous view/analysis remains valid.
Prices are now trading below MA200 and also below the purple trendline.

Additional information:

Thanks a lot for your continued support.


The Best PREMIUM Crypto-Trading Numbers (Since 2017)

🚨 Free PREMIUM Trades Now!

🔝 Thousands Of Charts! Follow My Telegram

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.