Bitcoin might remain bearish, but the R:R has rarely been…
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Bitcoin might remain bearish, but the R:R has rarely been better
BTC still looks structurally weak on the higher timeframe. The 6-month chart is showing something close to a double top and price has been trending down for a while.
Support is sitting around the 60k area while resistance is much higher near 94k I just double checked it on chartscsnner.ai
Personally, I’m not expecting an immediate reversal. But the risk-to-reward from these levels looks interesting enough for me to start split buying slowly instead of trying to catch the exact bottom.
What you guys think ??
#cryptocurrency
BTC still looks structurally weak on the higher timeframe. The 6-month chart is showing something close to a double top and price has been trending down for a while.
Support is sitting around the 60k area while resistance is much higher near 94k I just double checked it on chartscsnner.ai
Personally, I’m not expecting an immediate reversal. But the risk-to-reward from these levels looks interesting enough for me to start split buying slowly instead of trying to catch the exact bottom.
What you guys think ??
#cryptocurrency
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