A very important hurdle for the potential reversal. Today, the Weekly Pivot and the Daily R1 are presenting a big hurdle for Bitcoin to overcome. On the One-Hour, we see slightly rising volume, higher highs, and higher lows, two broken trendlines and new Support. If we manage to bypass the W-P, thinking how an Adam and Eve is "working", I would not expect a mega jump rather a slow steady rise probably until $11k until we will greet another important resistance.
All this is crucial for the long-term growth of Bitcoin, if this is working out we might manage to avoid a long period of a side-trend.
$8k remains bearish medium-target.
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Warm regards,
Neru
All this is crucial for the long-term growth of Bitcoin, if this is working out we might manage to avoid a long period of a side-trend.
$8k remains bearish medium-target.
______________________________________________
Warm regards,
Neru
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.