Bitcoin - Riding the 200 and ready to board!
Bitcoin is finding support at the 200-day MA. This is good news for bullish movement. We have the potential to break the down-trend (forming the wedge top). Once this down-trend is broken we're finally in bulls territory.
As you can see, bitcoin is riding the 200-day MA right to the crossing of the 20day MA, another significant support line. It seems BTC has found a path to board the rocket ship. Let's go looking for that Tesla!
First resistance will be the .382 level based on our lowest low if the breakout occurs, roughly $11300.
As you can see, bitcoin is riding the 200-day MA right to the crossing of the 20day MA, another significant support line. It seems BTC has found a path to board the rocket ship. Let's go looking for that Tesla!
First resistance will be the .382 level based on our lowest low if the breakout occurs, roughly $11300.
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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.
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.