Bitcoin / BTCUSD is having a rebound after the price hit the bottom of the 10 day Channel Down.
The bullish wave should attempt at least a +13.73% rise (similar to the previous one) and target 87000.
That is the short term bullish plan as the price may be rejected again at the top of the Channel Down.
If however the 4hour MA200 breaks, it will be the first time since February 4th and should be enough to restore the long term bullish bias back to the market.
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The bullish wave should attempt at least a +13.73% rise (similar to the previous one) and target 87000.
That is the short term bullish plan as the price may be rejected again at the top of the Channel Down.
If however the 4hour MA200 breaks, it will be the first time since February 4th and should be enough to restore the long term bullish bias back to the market.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.