BTC/USD TA Update
BTC/USD
Where do we see Bitcoin from this point?
BTC is still flowing inside this bullish descending channel from the High at 10.5k and now the price is touching key support areas at 9.1k.
This pattern remains valid as long as the support between 8.8k regions holds in the short-term.
Let's keep in the radar the RSI on 12H time-frame when the price hits oversold territory, a reaction bounce up occurs.
If BTC touches the bottom trend-line support and the RSI hits oversold,
there is a high chance we could see another relief bounce to the upside to retest the downward resistance at 9.5k areas.
Let's not forget about the 0.382 Fib which coincides with price action and key areas,
this will add to your bullish standpoint when BTC gets there. In the meantime, the priority is bearish down to 8.8k regions.
Where do we see Bitcoin from this point?
BTC is still flowing inside this bullish descending channel from the High at 10.5k and now the price is touching key support areas at 9.1k.
This pattern remains valid as long as the support between 8.8k regions holds in the short-term.
Let's keep in the radar the RSI on 12H time-frame when the price hits oversold territory, a reaction bounce up occurs.
If BTC touches the bottom trend-line support and the RSI hits oversold,
there is a high chance we could see another relief bounce to the upside to retest the downward resistance at 9.5k areas.
Let's not forget about the 0.382 Fib which coincides with price action and key areas,
this will add to your bullish standpoint when BTC gets there. In the meantime, the priority is bearish down to 8.8k regions.
Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
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.