BTC has not recovered the price yet after yesterday's decline.
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Bitcoin analysis
1 day before we breakout for the biggest bull run in history!
I'm expecting a large price reversal
Look at MACD cross and bear div before this dump and we have come back to the demand zone.
We saw a nice rejection from that area and managed to break back above the 6.6 k level where we have leveled off and probably will continue to move sideways for a bit longer.i think we need a break the resistance at $6350. Otherwise price will retest support at $6200.
Important things BTC has not recovered the price yet after yesterday's decline.
Alts dropped by about 10% and BTC dropped by about 5%.But Some clear bullish divergence last few hours. Wicks down are long showing buyers. Bullish fundamentals in news lately.
It’s now below lower BB on the daily chart and EMA 12 is above EMA 26; its ripe for a bounce.
Bitcoin is now just over three and a half percent in the red, although it is practically breaking even on the month, remaining 0.3 percent in the green only.
Disclaimer:Don't invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses.
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