The markets have started to recover the recent downtrend showing some signs of strength by hitting key levels, and looking to change the overall direction of the downtrend.
You can see the support being built up on BTC with this move higher, constantly bouncing and making higher highs and higher lows.
We do have some key support below us, namely the point of control, cc fib, vwap, monthly level. Quite a large support. If lost, this could be quite bearish, however there could also be an argument for the bulls to really step in here and show the support to pump bitcoin above the key price of 90k.
Lets see how it plays out!
You can see the support being built up on BTC with this move higher, constantly bouncing and making higher highs and higher lows.
We do have some key support below us, namely the point of control, cc fib, vwap, monthly level. Quite a large support. If lost, this could be quite bearish, however there could also be an argument for the bulls to really step in here and show the support to pump bitcoin above the key price of 90k.
Lets see how it plays out!
Note
Taking the long at the key levels. I will watch for stops below 83k if we start closing lower 
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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.