ViradJain

BITCOIN | WHATS HAPPENING | 24th March 2021

Long
BITFINEX:BTCUSD   Bitcoin
Bitcoin printed a higher low in the 53.7K region on the hourly candle and bounced from it. The next small win for btc to continue its leg up is to break the yellow down trend line and close above 56k-58k this week and then have another attempt for an all time high in the coming weeks. It is Important to keep booking profits at resistances specially right now while btc is trading in a rising wedge (purple) which might get violent at the end of its upper trading range around 69k region.

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.