Bitcoin: range-bound for a while?
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My current view on Bitcoin to check later: still in limbo for a while?
As it looks, it could continue to trade range-bound between the very long-term red and green trendlines for a while.
It may end up sliding down along the dashed blue medium-term resistance line.
As it looks, it could continue to trade range-bound between the very long-term red and green trendlines for a while.
It may end up sliding down along the dashed blue medium-term resistance line.
Nota
This is how the trend line currently looks, interpolated to here and now
Nota
And you need to keep something in mind. If something is a "trend line", the current price will oscillate around it, sometimes up, sometimes down. That is the definition of a "trend line".
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