💲 Nearest strong support zone: around the 0.236 fibo level of the downtrend wave.
💲 Nearest strong resistance zone: around the 0.236 fibo level of the downward wave.
💲 Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Bitcoin today surprised everyone with its rapid and truly impressive upward movement, increases of 7% are not seen every day, it looks like investors will not back down from buying Bitcoin at any price. Looking at the dynamics of Bitcoin's rebound, everything looks like 28,000 is within reach in the coming weeks.
💲 The scenario I'm playing out is a continuation of the rise to the 28k area. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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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.