BitcoinLong
BTC support at 12-12.5k
Support zones at 12-12.5k, waiting to retest after showing resistance from MA50 line. If it can bounce off 12-12.5k zone and break through MA50, then BTC will be bullish. RSI heading towards oversold, perhaps BTC is ready for a stage of healthy growth. MACD still suggesting bearish trend, but should indicate a reversal soon.
Orders put in at 12.5-13k, waiting for bounce off resistance/close above resistance line. Otherwise, be ready to see it drop to another support level.
Orders put in at 12.5-13k, waiting for bounce off resistance/close above resistance line. Otherwise, be ready to see it drop to another support level.
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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.