I feel this area has several technical factors making it a great price level (not just within the circle) for the bounce to the Banana Zone. This area has a long term trend bottom from SEP 2024, the yearly Pivot Level (gray + line), the 55 SMA (cyan line) and a good price just above the previous top we ranged in for 8-9 months last year.
Definitely a great place to be buying, not selling. Get bitcoin at a 25% discount!
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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.