ðĨ Bitcoin: Will The Bull Trend Hold?
BTC has been looking quite bullish over the last week or two. However, BTC has been selling off quite hard since a day now.
The bottom support line has been holding on several occasions now, so it's gonna be key that this support will hold. In case of a bullish reversal from this area, look for a >$21.5k target. In case BTC falls through the support I'm aiming at $20k.
Seeing that BTC has successfully broken through the 20-week SMA I'm overall relatively bullish. The indicator has historically been very accurate in predicting bearish and bullish times.
The bottom support line has been holding on several occasions now, so it's gonna be key that this support will hold. In case of a bullish reversal from this area, look for a >$21.5k target. In case BTC falls through the support I'm aiming at $20k.
Seeing that BTC has successfully broken through the 20-week SMA I'm overall relatively bullish. The indicator has historically been very accurate in predicting bearish and bullish times.
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