From TradingView · · 40s
Bitcoin Tests Trendline After Rejection
Bitcoin presses rising trendline support after rejection from 83,500.
In brief
Bitcoin presses rising trendline support after rejection from 83,500. Bitcoin tests rising trendline support at 81,675 after rejection from 83,500. Originally reported by TradingView.
Bitcoin tests rising trendline
Bitcoin is trading around 81,675.04 on the 6H timeframe after a sharp rejection from the 83,500 area.
Pressing ascending trendline
Price is currently pressing the trendline at 81,675.04 after a heavy red candle off the 83,400 range.
Third test in a week
This is the third test of the rising structure in just over a week after the October 8 selloff dropped to 80,500.
In short
Bitcoin tests rising trendline support at 81,675 after rejection from 83,500.
