Trendline and Buy Zone for Bitcoin
This graph shows both the short and long term trendlines . The short term trendline marks the buy zone.
We are still inside the triangle, however we are reaching it's end. Currently bitcoin is in a rising wedge, any breakout will happen within 6 weeks...
For this week bitcoin moves between an area of $6900-$8300 with resistance levels at $7900. If we break the resistance levels of $7900 and $8300 then there will be an upcycle to new resistance level at $10000.
If we break below $6900 it will be a free fall into a buy area between $3000 and $5400
Exiting times ahead!
We are still inside the triangle, however we are reaching it's end. Currently bitcoin is in a rising wedge, any breakout will happen within 6 weeks...
For this week bitcoin moves between an area of $6900-$8300 with resistance levels at $7900. If we break the resistance levels of $7900 and $8300 then there will be an upcycle to new resistance level at $10000.
If we break below $6900 it will be a free fall into a buy area between $3000 and $5400
Exiting times ahead!
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