Assuming Bitcoin is still in a bull market, we can try to identify areas of potential reversal.
Wait for confirmation (a weekly green candle close) around these levels and you would have a high probability for a reversal.
- We are current bouncing off the weekly EMA, so we may already be reversing.
- Yearly pivot point is at 80081.
- Former all-time high is at 73835.
- If we continue dropping, we would hit the ascending trendline around 66666 (devil's pivot point).
- Yearly S1 pivot point is at 51773.
Wait for confirmation (a weekly green candle close) around these levels and you would have a high probability for a reversal.
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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.