Choppy market conditions have led bitcoin to test the parabolic support — a previous guiding trend for the last three years.
A failure to break the upper parabolic resistance may cause a test of lower values.
Support will be found at the lower ranges of the trading range and along the linear and parabolic trend lines.
Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
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