We are facing two critical scenarios for the near future of Bitcoin
One is a positive scenario, the other a negative
Scenario 1 (Bullish)
Bitcoin now at a strong support zone
200MA
Downtrend line retest
50%, 61.8 % Fibonacci
Bitcoin needs to hold this support level
otherwise we will see more downward.
it should react to this strong support zone.
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Scenario 2 (Bearish)
Bitcoin has broken the up trend
and this rally just a retest.
This scenario will be activated once
if BTC could break Z zone
Breaking Z zone is very Bearish
One is a positive scenario, the other a negative
Scenario 1 (Bullish)
Bitcoin now at a strong support zone
200MA
Downtrend line retest
50%, 61.8 % Fibonacci
Bitcoin needs to hold this support level
otherwise we will see more downward.
it should react to this strong support zone.
--------
Scenario 2 (Bearish)
Bitcoin has broken the up trend
and this rally just a retest.
This scenario will be activated once
if BTC could break Z zone
Breaking Z zone is very Bearish
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.
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.