Bitcoin on the BB 20ma

3 thg 4, 2023

BTC 1day has completed a much-needed retrace back to the 20ma middle line of the Bollinger band after pushing the upper band through mid-late March and now has come back to this level for support as the BBs start to squeeze again The next few days might see some volatility return as this area is tested into the squeeze but ultimately price needs hold the 20ma support and move towards a breakout at 28.6k to confirm bullish continuation The other side of the coin is if the 20ma doesn't hold this level it leaves price looking a bit weak and could run down to 25k support