Bitcoin is setup to retest its major downtrend line
Looking at the 4h chart, a H&S pattern is forming, suggesting upwards movement towards the major downtrend line.
After seeing slight rejection from the 0.382 fib niveau, bitcoin now found support at the 4H 100MA, probably leading to a retest of the 0.382 fib niveau. If this resistance gets broken, upwards movement at least to the 0.5 fiv niveau is to be expected.
After seeing slight rejection from the 0.382 fib niveau, bitcoin now found support at the 4H 100MA, probably leading to a retest of the 0.382 fib niveau. If this resistance gets broken, upwards movement at least to the 0.5 fiv niveau is to be expected.
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