BDTrading

Bounce off 360EMA and 8 year trendline

INDEX:BTCUSD   Bitcoin
We are at an important inflection point for BTCUSD where we have hit a number of key levels including the 360 ema (blue), the 8 year trendline (yellow), the 2017 high of around 19k and we've completed a 1.414 extension down from recent highs. Note how the March 2020 crash bounced off the 360 ema and yellow trendline. Will all of these levels function as support for Bitcoin?

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