BitcoinLong
BTCUSD (4hr)
BTC has found support around 47k, price action looking similar to the previous touch of the ascending trend line where support was found at 44k (19th August), before price bounced and moved up to the 50k level. If we are able to replicate such a bounce off the trend line again, we could reach the 0.702 level of 
54K, approx 12% gain from current price.
RSI has also reset on the 4hr chart (around the same level as it was during the previous touch of trend line)
54K, approx 12% gain from current price.RSI has also reset on the 4hr chart (around the same level as it was during the previous touch of trend line)
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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.