Bitcoin technical analysis, bulls might be giving up soon

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  • There are times when the reward vs risk itself merits a trade idea.
  • Today's daily candle, while closing only in apx 4 hours, is now showing a sign that bulls are failing to break the presented channel to the upside, following this 4th attempt to do so, on the daily timeframe.
  • Furthermore, some traders can leave 25% of the position riding the possible down movement, since this channel, is also a potential bear flag.
  • Trade crypto at your own risk.
  • See technical analysis and daily crypto news at ForexLive.

Tags: Bitcoin , BTC, BTCUSD, bitcoin technical analysis , bitcoin price forecast, bitcoin trade idea


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