BTCUSD: Short term upside faces major barrier #btc
The recent breakout from the consolidation pattern has resulted in a sharp rally. However, the rally may start to fade and the upside could be capped below $6000 broken major support(major broken descending triangle floor) which should turn to resistance, in addition to the 52-week simple moving average. A good area to look for the downtrend to resume for new lows below $3,000.
This is just a possibility, always do your own due diligence when trading.
Best
Technician
This is just a possibility, always do your own due diligence when trading.
Best
Technician
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