Waking up from a deep sleep, Bitcoin has once again broken through a new high. At this rate, we might see at least 130,000 for Bitcoin before the end of the year. The current Bitcoin price is around 104,700, and this position is a resistance level on the four-hour chart, with overbought conditions above.
This is an excellent position to try shorting.
Set the stop loss at 105,500 and the take profit initially at around 102,500, taking a profit of 2,000 downwards.
