Bitcoin pullback to support inside a short term bullish trend

Bitcoin pullback inside a bullish trend.

BTC at $20500 support.

50% fib retracement from the latest rally.

RSI sundervalued.

MACD still indicating down however the volatility is closing in on a convergence (reversal).

Could go as low as $20400, but I think it's more likely to bounce here.


Exits - $20675, $2790, $2965

Stop - $20490


However, if you're concerned, wait for a deeper pull back and more confirmation.

Comment:

Hit our $20675 and $2790 exits