Could Bitcoin Be Forming A Support Zone? At 40,000

Weekly Time-frame

We are currently breaking the $42,622 Resistance Area. Once we flip, it we continue the rally up to $45,000. Top would be $49,012 for the next Rejection Area. Greed and fear index is in #30 which is fear. We are close to going to neutral.

1D Time-frame

We have a breakout from the double bottom which is super bullish. Price target at $46,594. Rejection area is still in $45,000. Awesome Oscillator is still bullish, If we get a rejection

4H Time-frame

Awesome Oscillator (AO) is still in Bullish Continuation. We are currently printing higher low and higher high. Rejection area at $42,622 if broken we can see another rally to $45,000 before another Consolidation.


We will discuss more on the possibility on our Live. Stay tune and check with us!

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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.