Bitcoin is Set for a Bounce.
Currently, looking at BTC in the 4H Time Frame. Bitcoin has touched the bottom of both the symmetrical triangle and the local downward channel at the same time.
I believe that Bitcoin is more likely to move up and touch the top of this symmetrical triangle when it breaks its local channel.
Target 1: $43,000
Target 2: $49,000
If Bitcoin fails to move up, the next support is at the 28K-29K level.
I believe that Bitcoin is more likely to move up and touch the top of this symmetrical triangle when it breaks its local channel.
Target 1: $43,000
Target 2: $49,000
If Bitcoin fails to move up, the next support is at the 28K-29K level.
Penafian
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