BTC/USD (Daily Key Support is Found?)

💎Technical Analysis Summary💎



BITSTAMP: BTCUSD


-Bitcoin just had a -28% retracement from its recent ATH around 42k dollars
-The price came down a retested the 20MA support on the daily timeframe
-On the 3rd test, BTC bounce off strong and potentially will close the candle in green
-This is a good sign in terms of price action and trading above the 20MA
-If the next daily candle will close the green bar
-The chances to retest the 40k dollar region will increase
-We are still in a Bullish market, trading priority remains to the upside



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