Bitcoin has reached the crucial support zone mentioned previously (link to related ideas). It tagged the 200DMA which is just below the 100% expansion off the highs. Further below that is the trendline from October 2020, and below that the 50% retracement off the highs, at 34377. RSI in oversold territory but no sign of a change of momentum yet.
These levels needs to hold on a daily close basis to validate any long entries, a break below and BTC can be in serious trouble.
These levels needs to hold on a daily close basis to validate any long entries, a break below and BTC can be in serious trouble.
