WAITING FOR PERFECT BREKOUT
BTC bounced after clearing stops below each low and created a double bottom pattern. Now facing the resistance of its neckline, which is also a previous resistance level. Descending trendline is also acting as resistance here.
$19,555 is a strong resistance level and bulls need a successful breakout above it to confirm a bullish trend, while continuous rejection from here, would be a sign of further range play.
$19,555 is a strong resistance level and bulls need a successful breakout above it to confirm a bullish trend, while continuous rejection from here, would be a sign of further range play.
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