Hindcoper breakout near 115 and good move 115 to 180 again come near 115 and retest breakout range now trade at 124 sharply upmove possible in coming days target 150 160 180+++ sl 110 Closing basis
Analysis according monthly chart (horizontal lines touch and bounce)
Here is a nice clean look at the key horizontals from the 27k - 45k price range, from when BTC was on its way up earlier this year...
and how they look relative to where BTC is currently trading at.
Bitcoin (BTC) Long-term & Mid-term Analysis
As you can see Bitcoin tested Weekly support and EMA21 and so far a not-so-good bounce. still, the Weekly trend is not bearish.
However Daily is starting to change of behavior because when BTC corrected from $58k to $50k, open interest rose up.
On a weekly basis, if $45k breaks, the $38k ~ $32k range test would be...