Bitcoin has finally tested its 200 Day moving average dynamic support level. Which was I something I was quite looking forward to. Seeing as its quite oversold. I am looking at a Key support zone @ $38K - 
39K (200 DAY SMA). If price stabilizes and consolidates here it will be a good sign & give Bitcoin a breather in short term. Carefully keep an eye on where price closes today at day end..... A close above 
42K suggests retests of broken support turned resistance levels around $44K - $46K.
If you trade CFDs its not advisable to go however if you want to acquire some bitcoin on spot and HODL long term. Its an excellent time and opportunity to start buying.... Personally I would be sitting and monitoring price on the sidelines because I am expecting a pullback and bears to lose steam as the sellers take profit at $38K level.
39K (200 DAY SMA). If price stabilizes and consolidates here it will be a good sign & give Bitcoin a breather in short term. Carefully keep an eye on where price closes today at day end..... A close above 42K suggests retests of broken support turned resistance levels around $44K - $46K. If you trade CFDs its not advisable to go however if you want to acquire some bitcoin on spot and HODL long term. Its an excellent time and opportunity to start buying.... Personally I would be sitting and monitoring price on the sidelines because I am expecting a pullback and bears to lose steam as the sellers take profit at $38K level.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.