As I have stated some major resistance levels for BTCUSD which are also supported by the volume in my previous analysis, Bitcoin seems to get rejections multiple times from the 50-51k level.
For now, Bitcoin is forming a descending triangle which usually breaks down. $49600 is a strong support breaking and retesting of which can make BTC bearish atleast for short-term. Support levels in short-term are marked. In what direction you think will Bitcoin play? Comment down.
For my detailed bitcoin analysis, check
![[Detailed Analysis on BTC/USD]: Price Action & My Opinion](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
Muneeb.
#SyedMuneebAli
For now, Bitcoin is forming a descending triangle which usually breaks down. $49600 is a strong support breaking and retesting of which can make BTC bearish atleast for short-term. Support levels in short-term are marked. In what direction you think will Bitcoin play? Comment down.
For my detailed bitcoin analysis, check
![[Detailed Analysis on BTC/USD]: Price Action & My Opinion](https://s3.tradingview.com/t/TooVG0iE_big.png)
Muneeb.
#SyedMuneebAli
