Nice bounce from daily support, What's next in Bitcoin?
Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin was breakout of the Falling Wedge1 and Falling Wedge2 and retested done & still maintain Above the Major Daily/Horizontal Support (31k to 28k). Need to break both the DMA {Daily Moving Average (21&50ma)} to be bullish and get momentum from here but The price didn’t manage to break the 21DMA resistance and nice bounce from support in RSI but there was no breakout confirmation on the RSI ❌ still trying to break it, if it's break the registance so, most probably it could end the downtrend that's i think more upside action still to come.
conclusion:-
If Bitcoin Remains Above the Daily/Horizontal Support, Bitcoin gonna Bounce Back Anytime.
In Worst Case, If Daily Candle Closed Below the Daily/Horizontal Support Area , Next Stop would be 20k
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin was breakout of the Falling Wedge1 and Falling Wedge2 and retested done & still maintain Above the Major Daily/Horizontal Support (31k to 28k). Need to break both the DMA {Daily Moving Average (21&50ma)} to be bullish and get momentum from here but The price didn’t manage to break the 21DMA resistance and nice bounce from support in RSI but there was no breakout confirmation on the RSI ❌ still trying to break it, if it's break the registance so, most probably it could end the downtrend that's i think more upside action still to come.
conclusion:-
If Bitcoin Remains Above the Daily/Horizontal Support, Bitcoin gonna Bounce Back Anytime.
In Worst Case, If Daily Candle Closed Below the Daily/Horizontal Support Area , Next Stop would be 20k
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
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