MMBTtrader

BTC weekly support zone is still valid and that is good sign

Long
BITSTAMP:BTCUSD   Bitcoin
As we can see price is still above trendline support and this is a good sign for at least more range here or even pump if the daily chart breaks some important resistance mentioned in the previous analyses.

The strong support zone ahead now is 37K--40K and only if this support zone break price can fall more and hit targets like 29K or 20K.

the importance of support zone is also mentioned on the chart and targets for the bullish market is 55K---60K---71K---80K---93K.

Targets for a bullish market scenario are also local resistances too(so we can expect a correction from these targets too).

DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>


My Free telegram channel:
t.me/mmbtchannel

VIP channels:
Forex:+400 Pips and Crypto +245% monthly PROFIT VIP CHANNELS.
check the pinned message in telegram for more info and plans.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.