Bitcoin touched the daily exponential ribbon support at 32,500

Bitcoin touched the daily exponential ribbon support at 32,000, this ribbon supported the price action since the move began so it should be an important support along with the pitchfork at 34,000 support, it broke the pitchfork back in March 2020 but came back strong and started this big move so the break of the pitchfork can be a false breakout.

Transaction en cours:

RSI is still showing a big positive divergence so we are near the turning point

Transaction en cours:

also near the 1.618 support at 31,800

Commentaire:

positive divergence forming on the hourly at the test of 31,800 at 1,618 Fibonacci support