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bwy

Bitcoin holding support from trendline check. Likely 91k next!

Long
Bitcoin (INDEX:BTCUSD)  
bwy Updated   
INDEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD support LONG Bitcoin (Cryptocurrency) BTCUSDT trend trendfollowing
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trendanalysis chartpattern btcusd support long bitcoin btcusdt trend trendfollowing
To my surprise Bitcoin beat the downtrend and has formed support on the previous resistance. This is a very good sign that bitcoin is looking for a move higher where the next target is 91k.

Highly suggest taking profits at 91k area and watching to see how it looks. Could move higher to 120k (max target for this cycle) or back to current support here at 69k.
Comment:
Another really important point of interest: negative news today with the CPI coming in higher than expected bitcoin bounced off the previous resistance suggesting "shrugging off" bad news. That's what you want to see in a bull market. Good sign for a further bull market.

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bwy
Bitcoin likely going to $52k support
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