Point of confluence for BTC at US$53k
It seems inevitable that we will test the US53k due to the multiple confluence points at this level:
1) Support level from daily support line
2) Transection of Bull Market Support Band at 21w SMA
3) Edge of descending broadening wedge
This level is also where many of the spot bids are placed on most exchanges so seems highly likely!
1) Support level from daily support line
2) Transection of Bull Market Support Band at 21w SMA
3) Edge of descending broadening wedge
This level is also where many of the spot bids are placed on most exchanges so seems highly likely!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.