Bitcoin is testing a strond daily demand zone.
The underlined yellow structure is based on a confluence of
- horizontal historic structure,
- 618 retracement of the last bullish impulse
- completion point of a harmonic movement
Taking into consideration that we have 35% sale on btc right now,
monkeys will surely start buying.
For now I expect a pullback to 50.000 level.
Then I will watch carefully the reaction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.