Is BTC looking healthy?
Looking at the 6H (6-hour timeframe) BTC is about to have a golden cross which should give it another boost up and overall BTC is still looking like it wants to go up further. Price action always wants to be near the moving averages so there is a chance BTC could come down to the 10,300 area or a little below to pick up some bargain buyers before riding that golden cross up. It is important to note that BTC finds the $10,000 area as very, very strong support, if it goes all the way down there it should hold 1) Because that is where the trendline is. 2) It is around the 61.8 to 78.6 Fibonacci retracement. For now, the trend up is strong even if it retraces back to 10k.
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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.