Bitcoin Price Key Highlights
BTC price recently broke out of a descending trend line and is pulling back for a retest.
Price is at a crucial area of interest, though, and a bounce or break could determine the next long-term direction.
If these support levels hold, BTC could bounce back to the swing high and resume the reversal.
BTC price is pulling back to an area of interest after breaking above a longer-term descending trend line.
Monthly Cycle of every 5th is a game changer.
Technical Indicators Signals
RSI is indicating oversold conditions, though, so a bounce may be in order.
Stochastic RSI has already climbed out of the oversold area to show that buyers are ready to return.
BTC price recently broke out of a descending trend line and is pulling back for a retest.
Price is at a crucial area of interest, though, and a bounce or break could determine the next long-term direction.
If these support levels hold, BTC could bounce back to the swing high and resume the reversal.
BTC price is pulling back to an area of interest after breaking above a longer-term descending trend line.
Monthly Cycle of every 5th is a game changer.
Technical Indicators Signals
RSI is indicating oversold conditions, though, so a bounce may be in order.
Stochastic RSI has already climbed out of the oversold area to show that buyers are ready to return.