Bitcoin
Long

BITCOIN BULLISH PATTERN STILL STRONG - 06/17/2021

279
Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks!

The reason this is still bullish:
  • We had a golden cross plotted
  • We are still in the rising wedge
  • We bounced off the wedge and closed above 39K indicating a reversal
  • We have a mild support around $38,600 were we consolidated around couple hours
  • Currently we are still above 39K a push pass $39.5 would be extremely bullish


Where things can go bearish:
  • If we dip below the rising wedge
  • Falling below $38,000 can lead to test the next support at $37,500 area
  • The RSI is getting close to the Overbought range

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