Technical Analysis and Outlook:
Bitcoin has dropped significantly from a Mean Sup of 65900 to a Mean Sup of 61300, where it is currently gyrating. The upcoming retest of the Mean Sup of 68400 will be crucial for continuing the bull run. However, before the bull run takes place, the coin might retest Mean Sup 61300 and, in the process, complete Outer Coin Dip 57200.
Bitcoin has dropped significantly from a Mean Sup of 65900 to a Mean Sup of 61300, where it is currently gyrating. The upcoming retest of the Mean Sup of 68400 will be crucial for continuing the bull run. However, before the bull run takes place, the coin might retest Mean Sup 61300 and, in the process, complete Outer Coin Dip 57200.
Note
Correction: Mean Sup of 68400 should read Mean Res 68400.
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Related publications
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.