As showed in my previous view BTC is moving in a falling wedge and rebounded twice on the middle line supporting the price, my fonal tp is expected @ 82-83k area,
Looking at 4h tf chart MA50 acted as support or resistance many times; BTC is now breaking the ma50 after many attempts , last time it broke this moving average we had 6k surge so in my view breaking the ma50 @66k could move the price to first target 74k where I expect a retracement to retest the broken falling wedge.
Looking at 4h tf chart MA50 acted as support or resistance many times; BTC is now breaking the ma50 after many attempts , last time it broke this moving average we had 6k surge so in my view breaking the ma50 @66k could move the price to first target 74k where I expect a retracement to retest the broken falling wedge.