BTC - Possible Bottom Formation in Progress

Confluences


- 400W EMA stands unbreached.
- 300W EMA was successfully recovered last week.
- Yesterday, 20K acted as strong resistance to a huge sell-off.
- Distance between 50W EMA and 300W EMA is now reaching historic "repelling distance".
- Double bottom tap at 18,500.
- Trajectory of 50W EMA is smoothing out.