Bitcoin is retesting a major demand zone that launched the last breakout. After a sharp impulse move, price has ranged tightly and just tapped this support area for the second time.
A clear double bottom attempt is forming, but failure to hold $115K could open the door to deeper downside. Bulls want to see a quick reclaim of $117K to confirm structure still holds.
Clean levels. Clear reaction zones. Let’s see who takes control.
A clear double bottom attempt is forming, but failure to hold $115K could open the door to deeper downside. Bulls want to see a quick reclaim of $117K to confirm structure still holds.
Clean levels. Clear reaction zones. Let’s see who takes control.
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Disclaimer
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.