$BTC Bitcoin 4H chart update: old bears supply zone
As you can see from the 4H chart:
1. we destroyed the old bears supply zone, this is one of big importance because was the point where the last bear wave sent the market from 77K to 59800 low
2. that spike of yesterday doesn't allow to plot a good bears supply zone, this could be a sign that a new high is coming soon to test the area we was waiting near the 1 Year moving average price.
As I said since the 1st day of the rally, this is a major even and like a change of trend for the medium term, but real and final test will be the cross of the 1 Year average.
I will update.
As you can see from the 4H chart:
1. we destroyed the old bears supply zone, this is one of big importance because was the point where the last bear wave sent the market from 77K to 59800 low
2. that spike of yesterday doesn't allow to plot a good bears supply zone, this could be a sign that a new high is coming soon to test the area we was waiting near the 1 Year moving average price.
As I said since the 1st day of the rally, this is a major even and like a change of trend for the medium term, but real and final test will be the cross of the 1 Year average.
I will update.