Strong level of potential reverse for the BTC price with a huge support (Order Block) and a ver y long term trendline.
My white arrow is drawn since 2 months and this show that the intersection between the trendline and the support was ineviatble for the BTC price.
Now we can hope for a strong buyer momentum but if we break this level, we are going straight to 30k$.
In case of huge buying power, we will see a very good moment for alts and if we continue dipping, the alt marketcap will be worth and worth (not good for me ^^)
Very bearish biais for a lot of people right now for BTC and this makes me comfortable with a bullish biais (never be with the majority)
Good trading !
My white arrow is drawn since 2 months and this show that the intersection between the trendline and the support was ineviatble for the BTC price.
Now we can hope for a strong buyer momentum but if we break this level, we are going straight to 30k$.
In case of huge buying power, we will see a very good moment for alts and if we continue dipping, the alt marketcap will be worth and worth (not good for me ^^)
Very bearish biais for a lot of people right now for BTC and this makes me comfortable with a bullish biais (never be with the majority)
Good trading !