Bitcoin just tested old line of resistance as Support.
This was a superb Test of support on a line that was once Strong resistance.
It acted as support during the first push up in 2021 and supported PA on its first hit on a New ATH in March 2021 and it held fopr a number of weeks but eventually broke.
The Arrows tell the story
THIS NEEDS TO HOLD
I am SO bullish on this - However, if this breaks, then we are in trouble....
Currently MACD is still falling Bearish but is close to Neutral and is a lagging indicator..PA will move before this shows that
RSI is already below neutral, offering the ability to push higher.
Watch this VERY CLOSELY
It acted as support during the first push up in 2021 and supported PA on its first hit on a New ATH in March 2021 and it held fopr a number of weeks but eventually broke.
The Arrows tell the story
THIS NEEDS TO HOLD
I am SO bullish on this - However, if this breaks, then we are in trouble....
Currently MACD is still falling Bearish but is close to Neutral and is a lagging indicator..PA will move before this shows that
RSI is already below neutral, offering the ability to push higher.
Watch this VERY CLOSELY
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