U.S. President Donald Trump has signed an executive order establishing a U.S. strategic crypto reserve, but rather than direct market purchases, it will be funded using previously seized tokens. Unsurprisingly, Bitcoin has slumped on the news.
Now sitting in a symmetrical triangle pattern after entering from above, Bitcoin is threatening to resume its bearish trend. A downside break of triangle support would put $81,500, $78,206, and the 200DMA in play. If the latter gives way, there’s little in the way of technical support until $71,900.
On the topside, Bitcoin struggled above $92,000 earlier this week, making it a key level to watch if triangle support holds.
Good luck!
DS
Now sitting in a symmetrical triangle pattern after entering from above, Bitcoin is threatening to resume its bearish trend. A downside break of triangle support would put $81,500, $78,206, and the 200DMA in play. If the latter gives way, there’s little in the way of technical support until $71,900.
On the topside, Bitcoin struggled above $92,000 earlier this week, making it a key level to watch if triangle support holds.
Good luck!
DS
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.