#BTC Bitcoin keeps rejecting from the Lower High resistance (black trendline) In fact, today's Daily candle upside wicked beyond it, only to reject again More, Bitcoin keeps Daily Closing inside the orange support region and rejecting from the top of it The Weekly Close will take place in a few hours and so consistent rejecting from this Daily Lower High (black) would force price into a Weekly Close below $82500 Such a Weekly Close would position Bitcoin for a potential bearish retest of ~$82500 into new resistance And if that bearish retest occurs successfully then it could set price up for a drop below $80k within the next few weeks $BTC #Bitcoin
Rekt CapitalShare
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.