Bitcoin has been trading range bound for the last 5 months. Market participants seem eager for market to tip it's hand, as Bitcoin has visited both the range lows and range highs for several times. We have described basic concepts of ranges in our posts devoted to ranges and support and resistance.
BTC/USD chart After deviating below 60k support in the first half of July, Bitcoin soared +20% from the lows, reaching 70k level on Monday. However, Bitcoin didn't maintain the momentum and retraced more than 5% from the local top.
What is next for Bitcoin - range highs or range lows?
Do you think we will finally see breakout from the range the next time we visit either of the range extremes?
This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.