BTC appears to be bouncing nicely off of the 1D Tenkan-sen on the Ichimoku Cloud, which is also pointing upwards, signaling a likely bounce here and a possible continued bull run in the coming days. 20650 will be a strong support for the next day or so.
Entry: 20700
This is an overly simplified analysis on why I think BTC is bottoming out around 19k. While this analysis is extremely simple, it pairs nicely with other analyses out there pointing to a possible rebound around 19k.
1.) First, BTC nearly hit the 0.618 fibonnaci level (the strongest support) on the all-time Binance chart. Although the Binance chart doesn’t date...
