Good morning all. Today is another little check up on Bitcoin. I am still holding a long here at this demand zone. We can see the whole picture here in this chart. Do you believe in the power of 3? What I do know is that price is now trading above the 100 moving average, we are moving above the long standing downtrend line, so is the bottom in? With recent troubles around the world Bitcoin has had it's chance to break lower but hasn't. Recent trading volume for Bitcoin futures peaked back above $1 Trillion for September, so hopefully we will see the increase continue. Keep holding for now the next couple of week's could tell a story. GLIYF
Bitcoin made a good bullish move in the H4 chart. The price breached a bearish trendline, which has been in play for a long time. It may be the time for Bitcoin to get bullish again.
SikderTareq
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The zone looks good to hold the price as a level of support. However, Bitcoin has been bearish in major frames. Thus, unless it makes a strong bullish move in the daily chart, it may not get bullish. The bearish trend line in the weekly chart has been playing a vital role to keep it bearish.