BTC Update – Simple View Guys, BTC is still trading below this descending trendline, and that’s the key level right now. Last time, we saw a distribution phase of around 69 days, and after that, the price broke support and dropped. Right now, we are seeing a similar structure again, and it has already been around 71 days of distribution, but we still haven’t seen any clear breakout or breakdown. Until we break and hold above this trendline, I’m still bearish on BTC. Commit your views below 👇
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.