BTC price has been within a descending triangle for a long time. Also, there has been a historical support/resistance region in the 9048-9333 area since June 2019. Currently price is within this price region whereby price has pierced into the upside. We are looking out to see if price will be maintained above the support. Alternatively, we may also get a scenario where support shall not hold and price will break through to the downside.
Action; we will buy if price breaks above 9338
or we shall sell if price goes down below 9066
Action; we will buy if price breaks above 9338
or we shall sell if price goes down below 9066
Comment:
Our buys were activated and we see stro g bullish momentum.