Bitcoin Bottom forming???
Bitcoin
Price action has seen an attempted recovery rally after the sell off and now that bitcoins above that $40,000 level we could be seeing this short term pull back be a backtest of 40k and then a continuation of this recovery rally breaking the neckline of the rounding bottom formation which happens to line up with the levels of historical support and resistance in this range . The best possible thing we could see for bitcoin is a break above this neckline and a reclaiming of 53k and beyond
Let me Know what you're seeing going on with bitcoin and the rest of crypto in the comments !
Price action has seen an attempted recovery rally after the sell off and now that bitcoins above that $40,000 level we could be seeing this short term pull back be a backtest of 40k and then a continuation of this recovery rally breaking the neckline of the rounding bottom formation which happens to line up with the levels of historical support and resistance in this range . The best possible thing we could see for bitcoin is a break above this neckline and a reclaiming of 53k and beyond
Let me Know what you're seeing going on with bitcoin and the rest of crypto in the comments !
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