BTC Next Intermediate Bounce
Rising 200 day MA, long term uptrend. Provided support at recent spike-down.
Also rising support line (intermediate-long-term) in same region, high 500's.
Previous forms have similar "look"
Fundamentals: Currencies around world continue to suffer due to currency wars. BTC is global currency, limited circulation, and is high-tech. Adoption and volume continue to grow.
Theory is some consolidation down to the high 500's finding support at either the 200 day MA and/or rising trendline, then next leg up.
Also rising support line (intermediate-long-term) in same region, high 500's.
Previous forms have similar "look"
Fundamentals: Currencies around world continue to suffer due to currency wars. BTC is global currency, limited circulation, and is high-tech. Adoption and volume continue to grow.
Theory is some consolidation down to the high 500's finding support at either the 200 day MA and/or rising trendline, then next leg up.
Disclaimer
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.