BTCUSD > Bulls vs Bears Battle ?

17 May 2020

Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.

Analysis of #BTC USD

Following my analysis from the previous week, still, BTCUSD facing huge resistance at the falling trend line resistance on the weekly chart nevertheless the bulls are trying to push for a breakout with descending broadening wedge forming it may happen.

10500 is a key level for me if we break the trend with momentum and close above it, there is a big chance we could test the highs of 2019, but for now, I see a multi-level of resistance above where we are now 10500-11500.

looking to the downside, if BTCUSD fails to break in the short term we could see bulls giving up and bears taking over and BTC could start to fall




Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌

Check today analysis below

Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**