BTC Update:
BTC break the symmetric triangle and bounced back from the $31,000 support. We may see a retest of the triangle line (around $35,500) and see if BTC can break and close above it. If BTC unable to close above that level we may see another retest of the $32,500-$33,000 area. So far the $30,000-$31,5000 look very strong and bulls buying very aggressively when BTC goes near this level. Also, there is a hammer candle on the 1-day chart which is a bullish candle and a sign of reversal. Let's see how the market moves in the next 2-3 days.
BTC break the symmetric triangle and bounced back from the $31,000 support. We may see a retest of the triangle line (around $35,500) and see if BTC can break and close above it. If BTC unable to close above that level we may see another retest of the $32,500-$33,000 area. So far the $30,000-$31,5000 look very strong and bulls buying very aggressively when BTC goes near this level. Also, there is a hammer candle on the 1-day chart which is a bullish candle and a sign of reversal. Let's see how the market moves in the next 2-3 days.
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