BTC held yesterday at support (for now) and has attempted to move up again in a small relief rally. It has conquered the 4hr Bollinger Band median which is important, but the asset is looking tired already and could simply hold around this level for a bit before either making another leg up or another down as I expect. I still think we have to test the 6k floor in order to show investors that this support will hold- with 6k having been crucial in all of 2018 I can't see us not retesting it in the coming weeks.
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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.