There is a breakout possibility with first target of around 50-51K if BTCUSD can break the descending resistance which started from around 14th April 2021. Take note that this could also be the beginning of a severe rejection too. Wait for breakout confirmation at least on the 4hr or daily chart where it breaks out and bounces from the descending line to make it a new support instead.
Just sharing an observation. Trade with care and only what you can afford to lose as nothing in life is 100% ever.
Good luck!
Just sharing an observation. Trade with care and only what you can afford to lose as nothing in life is 100% ever.
Good luck!
Related publications
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.
Related publications
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.