Currently, the BTC price is on the curve support line which is pulled from the bottom at 15. December. It has touched it three times and now it is the fourth time to make a higher low point on the curve support line.
There is even - a bit sloppy but still readable - chart pattern called Inverted . Right shoulder is exactly on the curve support line and there are also some lines which should act as support levels and together with other criteria they make this area even stronger.
Altcoins have made some decent "recovery" within several hours and those indications will lead us into the short-term upwards movement which should guide us above the $4,000!
NB: This scenario is invalid if the price falls lower than the curve support line!
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Have a nice day,
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
At the moment(!), it looks great.
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