It is currently at the 2nd bottom support and if it holds above it, we might see a good upward move from here.
The confirmation point of this move is the neckline of double bottom which is at 60K and once the price breaks the neckline with a candle close above that region we can expect the targets of this move to 66K.
If on the other hand, BTC breaks below our current support level with a 4H or Daily candle close below $55,400, then we can expect the drop in price to the next support level of 53K.
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.