Hey guys, here is the Daily timeframe update on Bitcoin chart. If you like this chart, please use Like button 💙💛
I really like to see bullish outcome for Bitcoin, and to get it as higher as possible this year. But take a look at positions of the Moving averages on the chart: I am using combo of Daily moving averages 500 and 620, this is rarely used MAs, but they works nice on Bitcoin, and shows crucial support bound near $36,000. If we going to see breakout from $36,000 *DMA620 — price will likely to move down to $30,000.
In case breakout from $30,000 it will cause domino effect and price will fall at least down to $22,000 to Weekly Moving Average 200 (WMA200). This is strong support line for Bitcoin all-time history.
In case Bulls can fight for $46,000 + region, we going to see move upwards to Supply zone of $50,000-56,000 where another (3rd) large sell-off can occur. But anyway, this is Plan B for Bitcoin durin Q2 of 2022.
Thanks for your attention.
🙏Pray for Ukraine 💙💛






![TOP 20 TRADING PATTERNS [cheat sheet]](https://s3.tradingview.com/s/SGUilTg3_mid.png)

I really like to see bullish outcome for Bitcoin, and to get it as higher as possible this year. But take a look at positions of the Moving averages on the chart: I am using combo of Daily moving averages 500 and 620, this is rarely used MAs, but they works nice on Bitcoin, and shows crucial support bound near $36,000. If we going to see breakout from $36,000 *DMA620 — price will likely to move down to $30,000.
In case breakout from $30,000 it will cause domino effect and price will fall at least down to $22,000 to Weekly Moving Average 200 (WMA200). This is strong support line for Bitcoin all-time history.
In case Bulls can fight for $46,000 + region, we going to see move upwards to Supply zone of $50,000-56,000 where another (3rd) large sell-off can occur. But anyway, this is Plan B for Bitcoin durin Q2 of 2022.
Thanks for your attention.
🙏Pray for Ukraine 💙💛






![TOP 20 TRADING PATTERNS [cheat sheet]](https://s3.tradingview.com/s/SGUilTg3_mid.png)

Transaction en cours
it working, but takes long timeClause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.