BitcoinLong
BTC: Short Term Rally
This is the first time in a couple months that BTC broke above the 4H 200MA. BTC broke out of the descending channel on May 29 and retested previous resistance as new support this past week.
If BTC continues to make higher lows, we can expect price to reach the mid 30K range (35K - 37K) in the coming weeks.
A break below 29.2K would invalidate this idea.
If BTC continues to make higher lows, we can expect price to reach the mid 30K range (35K - 37K) in the coming weeks.
A break below 29.2K would invalidate this idea.
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Disclaimer
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.