Assuming Bitcoin is still in a bull market, we can try to identify areas of potential reversal.
Wait for confirmation (a weekly green candle close) around these levels and you would have a high probability for a reversal.
- We are current bouncing off the weekly EMA, so we may already be reversing.
- Yearly pivot point is at 80081.
- Former all-time high is at 73835.
- If we continue dropping, we would hit the ascending trendline around 66666 (devil's pivot point).
- Yearly S1 pivot point is at 51773.
Wait for confirmation (a weekly green candle close) around these levels and you would have a high probability for a reversal.
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