Finding the support range
For now, 7500$ price is acting like a good support, but it could easily be broken looking to MACD indicator and RSI being overbought.
The next support in W chart could be around 5800-6100$ where the 55 EMA could act like a huge support. This would also mean that in D chart the 200 EMA will play support right around the same price.
Since the potential to reach much higher price ranges due to the bullish trend and yet to come FOMO, it's not wise to short now.
This will be probably the last time we see BTC at such "low" prices which makes a perfect opportunity for investors to acumulate more.
To get a clearer picture where BTC is going, take a look at M chart.
The next support in W chart could be around 5800-6100$ where the 55 EMA could act like a huge support. This would also mean that in D chart the 200 EMA will play support right around the same price.
Since the potential to reach much higher price ranges due to the bullish trend and yet to come FOMO, it's not wise to short now.
This will be probably the last time we see BTC at such "low" prices which makes a perfect opportunity for investors to acumulate more.
To get a clearer picture where BTC is going, take a look at M chart.
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