[Bitcoin] Finally Rebounding!! Expectations are 43.9k-44.5k!!
#Crack #Bitcoin #Binance #Daily
- It looks like a rebound is emerging from the 37k-37.7k I mentioned over and over again.
- Bitcoin is showing a strong rebound since the low of $37,386 the day before, and seems to be trying to break out the resistance above the blue bearish wedge.
- A break of the 39.2k-39.5k resistance seems important if the break above the blue bearish wedge. If that resistance is not broken, we should keep in mind the possibility of retest support at the intersection of the upper wedge, 37.7k and the lower orange bull trend channel.
- If the retest support is successful after being pressed, the three golden crosses of the RACD indicator will also serve as a strong bull trend. At this time, the long-term target price can be expected to rise to the resistance of 43.9k-44.5k, which is the overlapping section of the orange bull trend centerline, the sky blue high-trend line and 43.9k.
- However, it is recommended to carefully examine the 41.5k-41.9k resistor located before 43.9k-44.5k.
- If the 37k-37.7k support fails, 34.2k-34.6k support is very important, and if the $34,322 low is renewed, the possibility of a big bear trend should be taken into account as the breakout of the lower blue long-term bull trend channel is possible.
- It looks like a rebound is emerging from the 37k-37.7k I mentioned over and over again.
- Bitcoin is showing a strong rebound since the low of $37,386 the day before, and seems to be trying to break out the resistance above the blue bearish wedge.
- A break of the 39.2k-39.5k resistance seems important if the break above the blue bearish wedge. If that resistance is not broken, we should keep in mind the possibility of retest support at the intersection of the upper wedge, 37.7k and the lower orange bull trend channel.
- If the retest support is successful after being pressed, the three golden crosses of the RACD indicator will also serve as a strong bull trend. At this time, the long-term target price can be expected to rise to the resistance of 43.9k-44.5k, which is the overlapping section of the orange bull trend centerline, the sky blue high-trend line and 43.9k.
- However, it is recommended to carefully examine the 41.5k-41.9k resistor located before 43.9k-44.5k.
- If the 37k-37.7k support fails, 34.2k-34.6k support is very important, and if the $34,322 low is renewed, the possibility of a big bear trend should be taken into account as the breakout of the lower blue long-term bull trend channel is possible.
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