Bitcoin is trading at a strong support area.
There is the weekly 50 SMA, a longtime fibonnaci and also a big bullflag pattern, still valid if BTC turns around in this area.
If the bears win this fight i see the next strong level at the weekly 200 SMA, also this would be the target of the SHS pattern.
There is the weekly 50 SMA, a longtime fibonnaci and also a big bullflag pattern, still valid if BTC turns around in this area.
If the bears win this fight i see the next strong level at the weekly 200 SMA, also this would be the target of the SHS pattern.
Comment:
Daily chart:
