Bitcoin BTCUSD has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency is approacing resistance at 70000 points, which may give a negative reaction. However, a break upwards through 70000 points will be a positive signal. Negative volume balance indicates that sellers are aggressive while buyers are passive, and weakens the currency. The currency is overall assessed as technically slightly negative for the short term.

Disclaimer! All sharing is for learning and educational purposes only and is not a financial advice. Everyone is responsible for his own decisions. However, risk management should be your top priority, as trading is a risky business.
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