BITCOIN - Horizontal Support zone
Bitcoin has been under some pressure of late as it battles to hold onto the $29000 level but still trading within a bigger range.
It's currently at a horizontal support zone and below the 200dma. A break of this zone opens the gate for a down leg to target $21500. Alternatively, bulls recapture the 200dma and attempt the upside break again.
It's currently at a horizontal support zone and below the 200dma. A break of this zone opens the gate for a down leg to target $21500. Alternatively, bulls recapture the 200dma and attempt the upside break again.
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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.