bitcoin is currently in the uptrend,
it is sitting at the major demand zone.
a break below would be fatal a target price of $21500. a bounce in the other hand would be a good profit at $23800.
Daily tf is aiming to break the supply zone at $25200, if broken there will be more to the upside.
Consolidation here is necessary for the bulls to gather more volume and give it another pump, volume is getting weaker.
It looks like a cup and handle so in 1d tf i will be bullish.
it is sitting at the major demand zone.
a break below would be fatal a target price of $21500. a bounce in the other hand would be a good profit at $23800.
Daily tf is aiming to break the supply zone at $25200, if broken there will be more to the upside.
Consolidation here is necessary for the bulls to gather more volume and give it another pump, volume is getting weaker.
It looks like a cup and handle so in 1d tf i will be bullish.