Bitcoin has experienced 2 strong price increases since 4/2019
Notice that after each strong breakout price, there will be a break of about 30 days to go sideways (correction)
About the downward price adjustment is still well supported by EMA20 and EMA50 in D1.
The bitcoin price is currently supported by EMA20 (after a 30% reduction from $ 14k).
The current support zone on the technical chart will be EMA50 ($ 9k3 price).
If the price breaks this area we will consider next analysis.
Happy Trading!
Notice that after each strong breakout price, there will be a break of about 30 days to go sideways (correction)
About the downward price adjustment is still well supported by EMA20 and EMA50 in D1.
The bitcoin price is currently supported by EMA20 (after a 30% reduction from $ 14k).
The current support zone on the technical chart will be EMA50 ($ 9k3 price).
If the price breaks this area we will consider next analysis.
Happy Trading!