Bitcoin has almost lost most of its support in the recent downturn (25, 50, and 200-day moving averages)
And now he seems to be standing in the air. But an old trend line with good support at 46,000 has kept him. The trend line connects the previous April ceiling to the September 07 ceiling.
Now we have to see what happens ...
If good fundamentals and whales help, the composition of the chart can be seen in the figure above.
In my opinion, this strong trend line will prevent further decline and will throw it up.
Of course, we must remember that the next move of Bitcoin upwards is a mountain of obstacles and resistance, and generally a rocky path...
Another scenario in the time frame of the clock that you can see in the next post.
And now he seems to be standing in the air. But an old trend line with good support at 46,000 has kept him. The trend line connects the previous April ceiling to the September 07 ceiling.
Now we have to see what happens ...
If good fundamentals and whales help, the composition of the chart can be seen in the figure above.
In my opinion, this strong trend line will prevent further decline and will throw it up.
Of course, we must remember that the next move of Bitcoin upwards is a mountain of obstacles and resistance, and generally a rocky path...
Another scenario in the time frame of the clock that you can see in the next post.
