BITCOIN BULLISH PATTERN STILL STRONG - 06/16/2021

16 ביוני 2021

The reason this is bullish:

• The 50 MA crossed the 200 MA signaling a 'Golden Cross'
  
• You can see the bullish wedge forming
  
• $41,000 was tested today but short lived
  
• $39,500 - $40,000 has been consolidation for the past few days
  
• Down trend can happen to the $38,800 area but can bounce back to $42,000 area
  
• RSI is looking healthy around the 50 range in the 4 - 6 Month chart, Looks even better under a month