Possible 29370 btc price action putting 20,700 support into view
We have a break above the horizontal of 20,700 supported by a breakout from a diagonal resistance. This area of interest has been tested and formed to reversal candlesticks which are a spinning top and a bullish engulfing candlestick. The major resistance on this price action is seen at 29370 so we will be riding this as a swing trade. Rsi and stochastic are above 50 on the hourly with the daily showing dorminance by bulls. Hull suite by insilico, which is a trend indicator, also shows bulls in control. Analysis also supported by a crashing DXY, thought to be the effect of inflation showing its ugly head.
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