BITCOIN : Multi Year Support Zone
Updated
Bitcoin
Structure:
Price currently took support at Multi-Year Demand Zone in Weekly Time Frame
Moving Averages - 150 MA :
Price is a little above 150 MA shows some good signs in the crypto market, If the price falls below 150 MA then the trend is completely bearish mood till 20K$
Expectation/Probability:
Price can reverse from the current level till 46k$ or Price can break 150 MA then it might fall till 20k$
Structure:
Price currently took support at Multi-Year Demand Zone in Weekly Time Frame
Moving Averages - 150 MA :
Price is a little above 150 MA shows some good signs in the crypto market, If the price falls below 150 MA then the trend is completely bearish mood till 20K$
Expectation/Probability:
Price can reverse from the current level till 46k$ or Price can break 150 MA then it might fall till 20k$
Note
Sustaining Above Support Level Indicates Good SignNote
Price Picked up from Low 26700 to 30200+Note
Price Sustaining above support level for more than a week , Expecting good bull moveNote
Price sustaining above support level more than two weeksNote
Price has been reversed from 20150 Support LevelTrade closed: target reached
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