Bitcoin is trading within a long-term channel on the 1H timeframe.
Currently, price is sitting around the midline of the channel.
If price confirms below 64,259.7, the probability of a move toward the channel low increases.
On the other hand, if price holds above the recent local high at 64,836.7, it is more likely to push toward the upper boundary of the channel.
Don’t forget risk and money management — they are the key to surviving in the market.
Currently, price is sitting around the midline of the channel.
If price confirms below 64,259.7, the probability of a move toward the channel low increases.
On the other hand, if price holds above the recent local high at 64,836.7, it is more likely to push toward the upper boundary of the channel.
Don’t forget risk and money management — they are the key to surviving in the market.
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.
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.