Bitcoin had quite a range trend yesterday, and the swing range was between $24,477 and $24,430, and yesterday's candle is a doji candle.
Because there is still an upward price trend in the daily and 4-hour timeframe, there is still a possibility of Bitcoin's price growth and further penetration into the resistance range. But the potential for the price to enter the range trend is being created for Bitcoin.
Therefore, after stronger reactions, we expect a range trend from Bitcoin below the resistance levels. As long as Bitcoin's short-term support holds, we can see altcoins grow.
Because there is still an upward price trend in the daily and 4-hour timeframe, there is still a possibility of Bitcoin's price growth and further penetration into the resistance range. But the potential for the price to enter the range trend is being created for Bitcoin.
Therefore, after stronger reactions, we expect a range trend from Bitcoin below the resistance levels. As long as Bitcoin's short-term support holds, we can see altcoins grow.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.