🔥 Bitcoin Bullish Reversal: Short-Term Bounce
Bitcoin has lost virtually all of yesterday's gains. Assuming we're still in a mid-term uptrend, now might be a great time to step into the market again.
As seen on the chart, BTC is currently trading inside a short term bullish channel. Seeing that the price is currently consolidating around the bottom, this might be a signal that the support is holding. Wait for confirmation of the reversal before entering a trade.
In case of a bounce, I'm expecting BTC to get back to >35k in the next day or so.
As seen on the chart, BTC is currently trading inside a short term bullish channel. Seeing that the price is currently consolidating around the bottom, this might be a signal that the support is holding. Wait for confirmation of the reversal before entering a trade.
In case of a bounce, I'm expecting BTC to get back to >35k in the next day or so.
Comment:
Support didn't hold, price fell right through it. Trade cancelled.
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