As things stand, Bitcoin has reached the top of a trend channel with key resistance noted at $34,200.
The trading idea is to short Bitcoin with a view of the price decreasing towards 30,000 over the next 3 weeks.
If successful, enter a new long trade at 30,000 while taking profit on the short trade from the current market price of 37,822.
The trading idea is to short Bitcoin with a view of the price decreasing towards 30,000 over the next 3 weeks.
If successful, enter a new long trade at 30,000 while taking profit on the short trade from the current market price of 37,822.