Breaking

Bitcoin whale transfers to Binance fell 34% from mid June to early July, CryptoQuant data shows South Korean Bitcoin treasury firm Bitplanet has reached a partnership with Antalpha, with plans to introduce mining equipment worth 15 billion South Korean won. Analyst: Bitcoin Sharpe Ratio briefly falls below -20, extreme pessimism may signal bottom formation BCE Inc. inks major AI infrastructure deal, and a former Bitcoin miner is at the center of it

Trading View April 16, 2022

Bitcoin still looking like a good buy level

Bitcoin still looking like a good buy level

Bitcoin still looking like a good buy level

Bitcoin / Tether KUCOIN:BTCUSDT

dudeee

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.

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