BITCOIN BULLISH PATTERN STILL STRONG - 06/16/2021
The reason this is bullish:
- The 50 MA crossed the 200 MA signaling a 'Golden Cross'
- You can see the bullish wedge forming
- $41,000 was tested today but short lived
- $39,500 - $40,000 has been consolidation for the past few days
- Down trend can happen to the $38,800 area but can bounce back to $42,000 area
- RSI is looking healthy around the 50 range in the 4 - 6 Month chart, Looks even better under a month