Bitcoin is finding support at the 200-day MA. This is good news for bullish movement. We have the potential to break the down-trend (forming the wedge top). Once this down-trend is broken we're finally in bulls territory.
As you can see, bitcoin is riding the 200-day MA right to the crossing of the 20day MA, another significant support line. It seems BTC has found a path to board the rocket ship. Let's go looking for that Tesla!
First resistance will be the .382 level based on our lowest low if the breakout occurs, roughly $11300.
As you can see, bitcoin is riding the 200-day MA right to the crossing of the 20day MA, another significant support line. It seems BTC has found a path to board the rocket ship. Let's go looking for that Tesla!
First resistance will be the .382 level based on our lowest low if the breakout occurs, roughly $11300.