Bitcoin Chart Review and Update #20 ? | Ecency

Bitcoin chart review

BTC Chart Published By Philosof at Tradingview
https://www.tradingview.com/u/Philosof

Comment: Bitcoin re-testing previously broken SR at 7170. If will be rejected from that level, chart will create head and shoulders bearish pattern, which may lead to a dump (which was part of rising wedge plan). If close above, next level will be at ~7300 - if you feel bearish, that would be a nice short zone, that allow to exit at breakeven in case of price fly higher.

What about bullish signs? Halving certainly counts. EMAs look nice as well. And most important, GOLD is growing. So if BTC is digital gold, it has all the chances to join the race. Tomorrow big money come and show us the way.

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Resistance: 7170 ✅ 7300 - 7555
Support: 6900 - 6775 - 6420

Fear & Greed index: 10 (<= 15 <= 15 <= 22 <= 21 <= 20)
BTC Dominance: 64.2% (<= 64 <= 64.2 <= 63.9 <= 64.1)
24h Volume: $120 billion (<= 127 <= 137 <= 125 <= 154)

#BTC #Bitcoin

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