CRYPTO:BTCUSD New visits to lower levels are highly expected, as that would constitute a continuation of the short-mid term downtrend we are in. Keep cash on the sidelines to progressively accumulate and give yourself some peace of mind. Finding liquidity at around 40k before a big run pushed by new debt is a real possibility, count on it and be prepared for that...
considering the 58K support level as the bull trend holder, expecting big bounce upwards months after the halving if we end up regarding 69K as support
This might be a good buy opportunity of Celestia against BTC to put some of your long-term bitcoin position to work!
TIA/BTC Opportunity Idea for this Altcoin Season
RSI Bullish divergence present, we should see a backtest of the 19900 support (2017 bullrun peak) continued by a nice rally reaching around 23000, testing that level as resistance for the first time since the start of the 2020 bull market.
After backtesting the 0,236 we saw a nice rally, almost setting up a new ATH. The story might be repeating here, we might be setting up for another rally after retesting as support the 0.618 fib extension, possible getting to ATH this time, if not getting loosely over it on price discovery.
