-Bitcoin just had a -28% retracement from its recent ATH around 42k dollars -The price came down a retested the 20MA support on the daily timeframe -On the 3rd test, BTC bounce off strong and potentially will close the candle in green -This is a good sign in terms of price action and trading above the 20MA -If the next daily candle will close the green bar -The chances to retest the 40k dollar region will increase -We are still in a Bullish market, trading priority remains to the upside
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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.