BTC confirms the bullish breakout from bearish descending wedge formation.
In my eyes, BTC just confirmed support on the old resistance a very strong bullish move, confirming support on the resistance that kept BTC going down in recent sell-off and again putting a higher low on the support trend from the covid low.
BTC has also hit the bottom Bollinger band on the same support levels I am talking of.
The 1-month chart is set to put in yet another Higher low in a giant ascending triangle formation.
RSI is still very bullish after pulling a bullish divergence the RSI also looks set to confirm the breakout move with a higher low confirmation.
MACD has yet failed to reverse back from a bullish divergence and also shows more room to the upside is possible.
Fundi sees support for BTC has no confirmation and will set a long entry with a stop loss just below the intersection of multiple trends supports, the next region for us is $55k then $61k, at these levels, we suspect some resistance and selling pressure.
In my eyes, BTC just confirmed support on the old resistance a very strong bullish move, confirming support on the resistance that kept BTC going down in recent sell-off and again putting a higher low on the support trend from the covid low.
BTC has also hit the bottom Bollinger band on the same support levels I am talking of.
The 1-month chart is set to put in yet another Higher low in a giant ascending triangle formation.
RSI is still very bullish after pulling a bullish divergence the RSI also looks set to confirm the breakout move with a higher low confirmation.
MACD has yet failed to reverse back from a bullish divergence and also shows more room to the upside is possible.
Fundi sees support for BTC has no confirmation and will set a long entry with a stop loss just below the intersection of multiple trends supports, the next region for us is $55k then $61k, at these levels, we suspect some resistance and selling pressure.