#BTC UPDATE:- #BTC bounced nicely after making a low of $38, | Cryptocns
#BTC UPDATE:-
#BTC bounced nicely after making a low of $38,200 and we got the nice daily close above $40k. After the news of Elon musk buying twitter suddenly market takes a bullish move. Now things looks much better but still don't get too excited.
Let's get to the chart first.
Daily time frame:- In daily time frame #BTC still holding inside the channel and holding the $39k support very well so far. Now we need a close above the yellow MA for further upside movement.
4hr time frame:- #BTC is bouncing exactly from our green box zone and currently trading above $40.5k level. #BTC has to break and close above $42.5k resistance for further upside movement. So in short #BTC looks good now and all we need some little more push to further upside movement. Let's see how #BTC reacts in the next few hours. We will keep you updating.
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