BTC is still in a favorable and bullish channel, despite the fear created in recent days.
I remain positive and if I look at the conformations and a flag that is still very stable at 60k.
Looking closely at the weekly ranking it seems a sort of replay (between January and March 2020) that can still give hope to a new ATH.
As the last valid support I will consider the 11 period MA on weekly TF as the last support, if it ever breaks we will update it !!
What I said at the end if you want you can see for yourself, BTC has a lot of respect for BBs and most of the time whenever it has been off the bands it immediately comes back to a stable price, usually not absolutely safe, but historically seems to follow BB well
What do you think?
I remain positive and if I look at the conformations and a flag that is still very stable at 60k.
Looking closely at the weekly ranking it seems a sort of replay (between January and March 2020) that can still give hope to a new ATH.
As the last valid support I will consider the 11 period MA on weekly TF as the last support, if it ever breaks we will update it !!
What I said at the end if you want you can see for yourself, BTC has a lot of respect for BBs and most of the time whenever it has been off the bands it immediately comes back to a stable price, usually not absolutely safe, but historically seems to follow BB well
What do you think?
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