learn2trade

BTCUSD: Bitcoin Tested this Price Level Multiple Times!

Long
BITSTAMP:BTCUSD   Bitcoin
Hello Trader Community!

I wanted to point out a fact that on a weekly chart bitcoin shows resilience at these price levels.

As it is shown on the chart, the 50 Week Moving Average line was successfully tested 3 times recently, providing strong support so far.

Do you think this price level will hold or will bitcoin test lower levels?

Share your thoughts and do your due-diligence!

Best,
LTT
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.