BTC analysis
in my opinion , bitcoin for the following reasons ,come back from 40,000$:
1.Moving average 50 probably support price
2.the area is 61.8% fibo retracement
3.the previous supported line
and when the price touch this zone we have a bullish divergence in MACD in daily time frame
if this area can not resist ,we have to wait for bitcoin 29,000$
because in weekly time frame probably bitcoin touch Moving Average 20
1.Moving average 50 probably support price
2.the area is 61.8% fibo retracement
3.the previous supported line
and when the price touch this zone we have a bullish divergence in MACD in daily time frame
if this area can not resist ,we have to wait for bitcoin 29,000$
because in weekly time frame probably bitcoin touch Moving Average 20
Disclaimer
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.