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BITCOIN BULLISH PATTERN STILL STRONG - 06/16/2021

By youroptionsguy
The reason this is bullish:
  • The 50 MA crossed the 200 MA signaling a 'Golden Cross'
  • You can see the bullish wedge forming
  • $41,000 was tested today but short lived
  • $39,500 - $40,000 has been consolidation for the past few days
  • Down trend can happen to the $38,800 area but can bounce back to $42,000 area
  • RSI is looking healthy around the 50 range in the 4 - 6 Month chart, Looks even better under a month
BTCbtcanalysisbtclongbtc_usdBTCUSDbtcusdforecastbtcusdideabtcusdlongChart PatternsTechnical IndicatorsTrend Analysis
youroptionsguy

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