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#BTC (update)
In 1H (Hourly) timeframe, Bitcoin is Moving in Descending Channel 📉
RSI is Printing Massive Bullish Divergence.
If Channel Broken Upside, Expecting Bullish Wave towards the $48000 in Short term ✍️
Weekly Timeframe Chart..!!
Worst Weekly Closed since 12 July but Good thing is that Weekly Candle Closed Above the 45k (S/R Level)
So far Bitcoin Bears in full Control but If Bitcoin Bulls Defend the 45k S/R, Expecting Bounce Back 📈
In Worst Case, If Weekly Candle Closed Below 45k then Be Ready for 38k 📉
3-days timeframe Chart..!!
In Higher timeframe, Bitcoin lost the 45.8k Crucial Support but Bulls Still Defending the fib 0.618 & 3-days EMA21 (44.8k)
If Bitcoin Remains Above the 44.8k & Regain the 45.8k S/R level, Bitcoin Will Resume it's Bullish Trend..
Daily timeframe Chart..!!
In daily timeframe, Bitcoin is Moving inside the Broadening Wedge..
If bitcoin Remains Above the 44.6k Support, expecting Bullish Wave towards the 54k..
Bitcoin has Closed Daily Candle Below the 200-days Moving Average but Bitcoin Bulls Fighting hard to regain the Daily MA200 (45.9K)
Bulls Getting ready to Reclaim the MA200 & I think this Will be a fakeout like the last two dips below.
Bitcoin has been Moving Above the fib 61.8% Retracement, Bouncing Back 🏄♂️
RSI is Still Moving Above the Trendline Support.
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Thanks for Your Love & Support..!!