BTC still struggling out to break the daily resistance zone but still managed to hodl above the $46,850 level working as support. The daily candle also didn't give a close above $49,500.
Now, #BTC respecting the 100-period Moving Average as a support, which is bullish.
Overall it feels like Bitcoin wants to form a new local high.
We might revisit some very local supports, but still, the main motion should be upwards.
iSmashProfit
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iSmashProfit
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.