BTC: What's the Next Path?
BTC just broke out of the descending channel today, however, it does not mean it is bullish (yet).
Here are the two short-term scenarios that could play out:
Bullish scenario: Assuming BTC stays above 47K, it could push toward the next main resistance of around
52K - 53K. If we break through that, then it's most likely a reversal in progress.
Bearish scenario: BTC makes a lower low, testing the low 40K area again before moving up higher.
This is not financial advice. These are just my ideas and opinions.
Here are the two short-term scenarios that could play out:
Bullish scenario: Assuming BTC stays above 47K, it could push toward the next main resistance of around
52K - 53K. If we break through that, then it's most likely a reversal in progress.Bearish scenario: BTC makes a lower low, testing the low 40K area again before moving up higher.
This is not financial advice. These are just my ideas and opinions.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.