Bitcoin still looking like a good buy level
Bitcoin / Tether KUCOIN:BTCUSDT
Bitcoin is still looking to be at a good support level indicated by this green line that was bounced off many times previously, and additionally a more recent trend line indicating price is ready to head back up to previous highs and potentially new highs in the coming months. Stochastic RSI ticking back up on the daily after being oversold, it is also extremely oversold on the monthly chart.
Strong resistance will be at $52k and $69k.
If this level doesn’t hold the $29.5k will be a super strong support. If that doesn’t hold, it will be a bear market scenario for probably quite some time.
