After touching an important moving average, the data shows there is strong demand at this area. Therefore, buying Bitcoin is a good idea here.
Throughout history, Bitcoin has seen support and bounces after touching this moving average. As there currently is many buyers at the current area, I believe it will happen again.
This is a longer term trade.
Thank you for viewing.
Throughout history, Bitcoin has seen support and bounces after touching this moving average. As there currently is many buyers at the current area, I believe it will happen again.
This is a longer term trade.
Thank you for viewing.
Note
Good entry
Note
For perspective
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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.