Bitcoin’s (BTC) growing roadblock: The trendline from $126,000 limits gains
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC$87,668.37 late-year attempt to regain poise ran into a glass ceiling Monday, forcing prices back below $88,000. That ceiling is defined by a descending trendline drawn from October’s record high above $126,000, connecting the peaks of subsequent shallow recoveries—most...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
