BTC looks like it put a double bottom at 52580 (purple support line) and also is breaking out of it's downward trendline (yellow). It's back tested the trendline and building a bull flag.
Next level of resistance should be around 55450 which was a support level.
If it can break above the Moving Averages on the daily, BTC will be back in a bull market.
Bearish scenario is if it gets rejected by the resistance level or the Moving Averages.
Next level of resistance should be around 55450 which was a support level.
If it can break above the Moving Averages on the daily, BTC will be back in a bull market.
Bearish scenario is if it gets rejected by the resistance level or the Moving Averages.