BITCOIN UPDATE
BITCOIN UPDATE so after yesterdays bearish daily close bitcoin has now reached a very strong support.... this zone i believe will have alot of buying pressure were investors/ institutions will be looking to "buy the dip" also on the daily timeframe what we can see is a nice M formation, after a M you expect the market to complete the pattern at the neckline, this will be our first target. We are waiting on lower timeframes for the correct confirmations and rules to be met before we can take this long.
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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.