The Bitcoin Test
Daily Chart
In this downtrend -
We might test the support around 6800 area again
(blue purple area) and the Fibonacci 61.8%.
Currently -
We are testing a support area around 7280 including
a trendline with various historical touches.
The Bollinger Bands starting to contract, with
the middle band, the 20 dma above the daily candle.
The lower Bollinger Band is around 6609 but moving
inward.
In this downtrend -
We might test the support around 6800 area again
(blue purple area) and the Fibonacci 61.8%.
Currently -
We are testing a support area around 7280 including
a trendline with various historical touches.
The Bollinger Bands starting to contract, with
the middle band, the 20 dma above the daily candle.
The lower Bollinger Band is around 6609 but moving
inward.
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