BTC is in a critical support area (green box), this box must hold to remain in a bullish structure.
We are also forming a bullish divergence on the weekly timeframe when we are in the support, this looks good!
I expect a scenario to play out like the yellow line.
The first long term bullish targets are between 81K - 84K.
Next target after that is 102K - 108K.
These targets are based on fib extensions.
We are also forming a bullish divergence on the weekly timeframe when we are in the support, this looks good!
I expect a scenario to play out like the yellow line.
The first long term bullish targets are between 81K - 84K.
Next target after that is 102K - 108K.
These targets are based on fib extensions.