Bitcoin is on a Bearish Megaphone, so far supported by the 4h MA200 and with the 4h MA50 as Resistance.

The pattern is targeting straight the 59350 Support and 1d MA50.

A 1d RSI again on the 30.00 oversold level would be a clear buy signal.

That can even be the Right Shoulder of an underlying Inverse Head and Shoulders pattern.

Buy and target the 73750 Resistance.


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