Bitcoin / USDTUpdated BITCOIN UPDATE!
BTC has been continuously dropping for 23 days since it reached a new all-time high. The range between 90k and 94k has formed decent support for BTC, and it is once again hovering close to this range.
As I mentioned in my previous update, a drop in BTC would be concerning. However, you could consider it a blessing in disguise—if we see a further dip, it might present a better opportunity to accumulate.
Key Points:
~ Crucial Support: 90k
~ RSI Range: Close to the oversold range
~ Rebound: If BTC holds the support range
~ Further Rejection: If BTC breaks down and closes below the support range
Always do your own research and analysis before investing.
As I mentioned in my previous update, a drop in BTC would be concerning. However, you could consider it a blessing in disguise—if we see a further dip, it might present a better opportunity to accumulate.
Key Points:
~ Crucial Support: 90k
~ RSI Range: Close to the oversold range
~ Rebound: If BTC holds the support range
~ Further Rejection: If BTC breaks down and closes below the support range
Always do your own research and analysis before investing.
Trade active
The support range between 90K and 94K is holding well. Based on BTC's current movement, we can see a hidden bullish divergence forming on the daily timeframe chart. This suggests a potential rebound, possibly aiming for a new all-time high.
I could be wrong about this move, but something big is coming.
For now, I’m keeping the odds on the same support range—let’s see how it plays out.
Trade safely.
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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.
Related publications
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.