variousCryptos

BTC bulls looking for support zone

INDEX:BTCUSD   Bitcoin
Bulls looking for support at 35k.

BTC needs to find support above 35k. A break below would likely send us back to retest 31k.

If BTC finds support above 35k then will likely retest 42k level.

I think there's a good chance it finds support and pushes up again. I don't think there's a good chance it will move much higher than 42k.

Comment:
Getting mighty close to breaking below support. Red line = last line of support. In the oversold range on the 1H so still a chance Bulls show up and bring price back up. Bears in firm control ATM.

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