After breaking through the resistance at the $ 23,250 level, it is preparing to make a throwback, which if confirmed could give a very clear long entry for Bitcoin as a take-profit point at the top of the ascending channel, $ 24,000.
In the event of the throwback not being confirmed and breaking the new support with a pullback, it would give clear entry for a short to the bottom of the rising channel in formation, $ 22,850 - $ 23,000.
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.