BTC/USD in the big picture

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

MyCryptoSuccubus

Analysis of #BTCUSD

BTCUSD seems to evolve on a Modified Schiff Pitchfork since 2020.

Since early 2022, BTCUSD has broken a multi month trendline (Yellow), and it evolve between the level 1 (Blue) and the level 1.5 (Purple) of this Modified Schiff Pitchfork .

Few days ago (04/29/2022), the BTC tried to reclame the multi month trendline (Yellow) and the 200 SMA (Red), it ended on a rejection.

BTC find support on the 100 SMA (Orange) and 50 SMA (Yellow).

If we zoom in, we can see that the BTC is forming an ascending channel (White).

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