© Reuters Bitcoin recovering after US debt ceiling hike
The breakout of the triangle took BTC to just $25,800; the price then recovered following the news of the approval of the debt ceiling overrun in the United States. it went up to the upper diagonal, which should now act as a resistance.
The evaluation of the trend is lateral, but slightly recovering: last week the strength of the trend was -3, while it is currently +1. It’s a visible improvement, but it is still too little to be able to say with certainty that we are in an uptrend. The trend is evaluated with a score ranging from -20 to +20.
General situation
At the moment BTC is at a pivotal point: the price is in fact based on the short and long diagonals (yellow, blue and red line).
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