Monthly chart analysis on BTC/USD.
If the candle close above the 50 MA (meaning that it found support), we could see a pump in the price up to the zone of 31,000-32,000 USD.
The 50 MA has been tested two times previously, as support, in dec-2018 and march-2020.
This could be a potential long position to take, looking at the market structure from a macro scale perspective.
If the candle close above the 50 MA (meaning that it found support), we could see a pump in the price up to the zone of 31,000-32,000 USD.
The 50 MA has been tested two times previously, as support, in dec-2018 and march-2020.
This could be a potential long position to take, looking at the market structure from a macro scale perspective.