BTC is currently encountering local resistance. A strong breakout above this level would signal a continuation of the bullish trend. Conversely, a rejection at this point would indicate a short-term correction, with a potential retest of the horizontal support.
BTC is attempting to break out the descending trendline and the MA 50. RSI is bouncing from the oversold region and printing bullish divergence. MACD crossover is gaining bullish momentum.
BTC bounced after taking stops below the previous low. Now it is heading toward the horizontal resistance of $17,100, which is the main level for bulls to break for the mid-term bullish confirmation.
If bulls couldn't able to break the horiozntal resistance and rejects from here then further consolidation in the current range is expected.
Bitcoin have been moving in these triangle for the last nine months.
The question is are we going to break it down or it will bounce from the current zone?
We you can see #BTC showed another reaction to our flip zone and #BEARS pushed the price into another correction to the orange box in the middle of the purple zone.
These most likely is the last chance for #BTC and the market to go back into a #BULLRUN and that only happens if we get a pullback from this area. However, if we lose the support in this zone, the...
BTC is lying above rock solid demand zone and ALTS market cap is ready to explode. Hidden bullish divergence has been deducted on higher time frames, showing signs of massive pump in the market. 🚀
BTC is lying above rock solid demand zone and ALTS market cap is ready to explode. Hidden bullish divergence has been deducted on higher time frames, showing signs of massive pump in the market. 🚀
