We are seeing signs that Bitcoin is losing its bearish momentum and may be about to turn around. Now is the time we consider longs.
-Price made a low into support, then swept the low and was bought up quickly. -Price is bullishly diverging with RSI. -If support can hold, we can target the next key resistance level at 34.4-34.7k -If support breaks, we can watch for a retest from the underside.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.