-Bitcoin did a good job confirming the 50D MA as support -The price went up from 29k to 38k dollars or 31% increased -We only have few hours left before the daily candle closes -If Bitcoin can finish the day above the trendline resistance -That is a good sign for the Bulls and our bias will shift back -For now, the Bitcoin Bulls must defend the 33k area -That will be its potential local support during its strong uptrend -The market is showing good healthy correction -And I'll be looking for a potential Altcoin swing trade
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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.