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Trading expert warns Bitcoin could still fail to break this resistance
Bitcoin (BTC) is looking for validation above the $60,000 psychological level, renewing investors’ optimism amid positive CPI data. However, a trading expert warns BTC could still face resistance in the low time frame, potentially causing a short-term reversal. The analyst is CrypNuevo, on X, who has a good reputation with accurate trades and Bitcoin price predictions. According to him, BTC has a key wick in the one-hour time frame, inside of a resistance zone. If the analysis plays out as expected, the wick could serve as a magnet, attracting liquidity to the upside. In this case, CryptoNuevo expects to see ... (full story)
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- Posted: Aug 14, 2024 12:49pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 114
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