its the update of my Feb 21 idea (go to related ideas)

As you can see, Bitcoin has hit the middle blue resistance. The first static support is in the price range of 42400-42k.
The level of 42,000 is very important. In the first stage, I think the price will respect to this level.
Otherwise there is a possibility of moving to the next dynamic support line.
Another point is the weekly RSI . its near to the 50 line .it usally is the suporrt.
Beyond Technical AnalysisbeyondtechnicalanalysisBitcoin (Cryptocurrency)BTCUSDTChart PatternsharmonictraderssignalsTechnical AnalysistecknicaltradingtrendTrend Analysis

Related publications

Disclaimer