BTC: $26K - $27K Likely Target
BTC is coming up on the 200W EMA which was last touched in March 2020. I believe that BTC could find a strong bounce off of this level, which is currently around 26K - 27K. It is heavily oversold on multiple timeframes including the 3-day chart.
Times are crazy right now, so be careful out there for those of you who are leverage trading!
Times are crazy right now, so be careful out there for those of you who are leverage trading!
Note
- Weekly volume looks strong- Weekly RSI is the same as the March 2020 crash.
- Bounced near the 200W EMA
Note
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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.