Description
⋅ Bitcoin broke the previous trendline that formed the small triangle in the previous posting.
We’re currently sitting at 35K which is a round number, and movements in price is slow overall.
We are likely headed to 33.5K~34K.
- 4H 120 SMA (20 day SMA) coincides with the trendline formed way back before ATH.
We may bounce off, since it is a strong resistance point.
The price actions following the bounce off may be an indicator of the following movements.