Bitcoin Trend Is Still Down But Watch This Key Level

25

Bitcoin is still making lower highs, even though there have been slight positives with the cryptocurrency making slightly higher lows. The key is going to be when Bitcoin trades back above $7,000.

There is a trend line connecting all the recent highs going back to early 2018. If Bitcoin can bust above that, it will likely take out the high at $7,350 and make a higher high.

Once that happens, institutions will start buying heavily. Upside could be back above $10,000 within months.

Bitcoin Trend Is Still Down But Watch This Key Level

BTCUSD Daily

LEAVE A REPLY

Please enter your comment!
Please enter your name here