Bitcoin Bottom forming???
Bitcoin
Price action has seen an attempted recovery rally after the sell off and now that bitcoins above that $40,000 level we could be seeing this short term pull back be a backtest of 40k and then a continuation of this recovery rally breaking the neckline of the rounding bottom formation which happens to line up with the levels of historical support and resistance in this range . The best possible thing we could see for bitcoin is a break above this neckline and a reclaiming of 53k and beyond
Let me Know what you're seeing going on with bitcoin and the rest of crypto in the comments !
Price action has seen an attempted recovery rally after the sell off and now that bitcoins above that $40,000 level we could be seeing this short term pull back be a backtest of 40k and then a continuation of this recovery rally breaking the neckline of the rounding bottom formation which happens to line up with the levels of historical support and resistance in this range . The best possible thing we could see for bitcoin is a break above this neckline and a reclaiming of 53k and beyond
Let me Know what you're seeing going on with bitcoin and the rest of crypto in the comments !
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.