On the daily chart, you can find a big trend line since the ATH from December 2017. BTC seems to have found support around 2.800 euro, is this the bottom? An important resistance is the 4.800 - 5.000 zone.
Mid December, there was a (bullish) diamond reversal pattern on the BTC 4H chart. This week, the same pattern seems to have formed. Could this lead to a price increase in the near future for BTC?
BTC is trading within a tight price range. Which side will it choose? There are two important areas:
- Strong resistance within trend line (+/- 3.500 euros)
- Support line: 2.780 euros