Cheungz

$60k is a critical line for $BTC. If it holds, this would happen

BITSTAMP:BTCUSD   Bitcoin
There're 3 supporting areas:
1. Orange line: Support level formed by the latest 2 bottoms.
2. Pitchfork pathway formed by the recent $FWB:73K-60k retracement.
3. Fib retracement: Targeting at 0.5 level.

In conclusion, if $60k holds strong and bounce back, the trend before halving should be generally bullish.

Disclaimer: Opinions are my own.

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