BITCOIN BULLISH PATTERN STILL STRONG - 06/16/2021 for BITSTAMP:BTCUSD by youroptionsguy

trendanalysis chartpattern indicator btc btcusd btcusdlong btc_usd btclong btcusdforecast btcanalysis btcusdidea

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

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