BTC/USD – Clean reversal pattern in play. 🚀

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

DU09

BTC bottom found at $29k, at least for now.

Clean reversal formation on the candles. Unlikely it goes lower now. Spike in volume as it bottomed.

Key resistance levels on the chart: $35k, $38k and $40k

Likely BTC will fall lower after this relief rally.

For now bias is bullish on short term.

Stay on guard. Do not FOMO!

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