Continuing on the idea I initially published on 6/22, $20K is increasingly looking like support for BTC. Look at the series of higher highs and lower lows that have been recently occurring on the 4H chart.
In my previous entry I scaled in at $20k and sold at $21.5k. I'm looking to make a similar move now that BTC has reverted back to this support level again....
The recent Bitcoin market meltdown has been so severe that one must start considering potential bottoms. Upon piercing the previous bull market highs and reaching as low as $17,567, Bitcoin reverted to the $20k level.
$20k is a reasonable place to start scaling back in and I have opened a position at that level. It is possible BTC will fall further ($16,500...
