Bulls have protected the 50ma and the bottom of the channel by pushing btc up by nearly 900$ (15%).
Now it looks like we got rejected again by a important trendline that once acted as support in our downtrend from 10,5k.
Bullish scenario would be to see a push above 7k creating a higher high. if not i think this channel will probably break down on us and act as a bear flag.
Here are some significant levels to keep a eye on in case of another crash.
MA300 : 3825
MA350 : 3350
MA400 : 2935
Now it looks like we got rejected again by a important trendline that once acted as support in our downtrend from 10,5k.
Bullish scenario would be to see a push above 7k creating a higher high. if not i think this channel will probably break down on us and act as a bear flag.
Here are some significant levels to keep a eye on in case of another crash.
MA300 : 3825
MA350 : 3350
MA400 : 2935
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