This chart shows long term support/resistance levels for BTC going back to 2017. While I don't expect BTC to go below the support at the 2018 ATH weekly close ever again (roughly 19.4K), still interesting to see how far we have come. Recent consolidation showed strong support at around the 29K level, and I will be watching the support at the weekly open on Feb 8th, 2021 (38.8K) for a possible retest after the Tesla pump. Hard to predict upside targets since we are in price discovery but I will be looking for new additional support/resistance levels as we continue our climb to the moon and beyond.
21 EMA on the daily chart has been supporting BTC throughout this bull run, except for when it briefly fell below on Jan 21st, 2021 before breaking back above on Jan 28th, 2021. Until this trend is broken, 21 EMA could be a good place to accumulate/long as BTC is likely to bounce off this level.
(NOT FINANCIAL ADVICE) BTC 🚀
21 EMA on the daily chart has been supporting BTC throughout this bull run, except for when it briefly fell below on Jan 21st, 2021 before breaking back above on Jan 28th, 2021. Until this trend is broken, 21 EMA could be a good place to accumulate/long as BTC is likely to bounce off this level.
(NOT FINANCIAL ADVICE) BTC 🚀
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.
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.