Looking at Bitcoin from a different angle here – that mid-range level from the correction phase? Yeah, it got smashed through and now it's flipped into resistance. Classic technical setup. What this means is we might hit our next profit target way earlier than expected. Price action suggests the downside move could accelerate from here.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
5
Repost
Share
Comment
0/400
TokenomicsPolice
· 5h ago
When a resistance level is broken, it turns into support. When has this strategy ever failed?
View OriginalReply0
LiquidationWatcher
· 12-05 23:08
Wait, can this level really hold? Feels like it's about to break at any moment.
View OriginalReply0
LiquidityWizard
· 12-05 23:07
The bottom-fishing guys are probably going to lose again this time...
View OriginalReply0
BearHugger
· 12-05 23:03
Yeah, this drop is really happening. That resistance flip play is all too familiar.
View OriginalReply0
DeFiCaffeinator
· 12-05 22:59
I'm tired of seeing this trick of turning a broken support into resistance. Where were you all when it was actually time to make money?
Looking at Bitcoin from a different angle here – that mid-range level from the correction phase? Yeah, it got smashed through and now it's flipped into resistance. Classic technical setup. What this means is we might hit our next profit target way earlier than expected. Price action suggests the downside move could accelerate from here.