The technical structure on #Bitcoin is quite clear. There's support beneath the current price at the 200-Day MA. There's also support in the $ 70,000- 71,500 area, as that's a…
Original source excerpt
The technical structure on #Bitcoin is quite clear. There's support beneath the current price at the 200-Day MA. There's also support in the $ 70,000- 71,500 area, as that's a block. However, ther…
The technical structure on #Bitcoin is quite clear. There's support beneath the current price at the 200-Day MA. There's also support in the $ 70,000- 71,500 area, as that's a block. However, there's definitely not enough strength to be breaking through the crucial resistance zone (as of yet). Bullish: a breakout above $75,000 = likely rally toward $76,700 and, most likely, even faster toward $80,000. What I'd like to see: a sweep of the lows towards the lower support zones and then a high-volume candle + reclaim back upwards. That would be a strong trigger for trades from my perspective.
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