BTC is bouncing from the horizontal support on 2D TF, which is showing the bull's strength in that demand zone, as we've not seen a candle close below the marked demand zone

BTC is bouncing from the horizontal support on 2D TF, which is showing the bull’s strength in that demand zone, as we’ve not seen a candle close below the marked demand zone

Dec 22, 2022 Cryptocurrency Forecast Technical Report 0

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BTC is bouncing from the horizontal support on 2D TF, which is showing the bull’s strength in that demand zone, as we’ve not seen a candle close below the marked demand zone

BTC TECHNICAL ANALYSIS

btc-technical-analysis

BTC is bouncing from the horizontal support on 2D TF, which is showing the bull’s strength in that demand zone, as we’ve not seen a candle close below the marked demand zone.

A bounce is expected toward the horizontal resistance of $18,500, where MA50 is also acting as a resistance. A solid breakout above $18.5K would be an affirmation for BTC to again back over the upper range for the confirmation of the continuation of bullish momentum back in the market.

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