We are currently in a bull market according to weekly and monthly chart. The price is above 20 & 200 weekly moving averages, above the trend line, above 10500 major horizontal support (head and shoulders neckline), above 10 000 USD psychological support.
If bitcoin crash below 10 500 USD - i expect a quick long squeeze to 6500 USD - previous major support and 200 weekly moving average.
Please, hit the like button and follow me for more of these ideas! Also, check my signature down below ↓
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.