Bitcoin displays initial signs of rejection from key resistance
Bitcoin trades lower at $63,282 (-0.44%), displaying signs of initial rejection from the $64,000/$65,000 resistance area, which includes the 200-day moving average and the late August $65,103 high. We recently squared up our bullish BTC tactical bias initiated on the 9th of September in recognition of this resistance zone.
We will consider moving back to a bullish bias on a dip back towards support at $52,000/$50,000, pending signs of basing. Conversely, if Bitcoin were to break above trend channel resistance at $68,600, coming from the March $73,794 high, we would also consider moving back to a bullish bias.
We will consider moving back to a bullish bias on a dip back towards support at $52,000/$50,000, pending signs of basing. Conversely, if Bitcoin were to break above trend channel resistance at $68,600, coming from the March $73,794 high, we would also consider moving back to a bullish bias.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.