BITCOIN hit the MA200 (1d)! Massive Support, strong rebound very
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BTCUSD is trading inside a Channel Down pattern, which almost hit today the MA200 (1d). The last time Bitcoin traded on this level was October 14th 2024. Technically, this is not just a short term Channel Down bottom buy signal but also a long term buy opportunity for the remainder of the Bull Cycle.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 99000 (+22.48% rise like the previous bullish wave).
Tips: 1. The RSI (1d) is massively oversold, dipping below 30.00 for the first time since the August 5th 2024 bottom. This is a massive long term buy signal.