$BTC IS FORMING A BULLISH REVERSAL?
Bitcoin is trading around $71.3K after an extended decline from $87K. Price is approaching an important support area, while RSI is deeply oversold. A potential rounded bottom suggests selling pressure could weaken if buyers step in.
A recovery could target $74.6K, $78.1K, and potentially $82.2K. However, the descending trendline remains a major obstacle for bulls.
LTF confirmation is key. A bullish CHoCH, strong displacement, and successful retest could confirm a potential reversal. Until then, $66.9K remains important downside support
#BTC80K #Leo524
Bitcoin is trading around $71.3K after an extended decline from $87K. Price is approaching an important support area, while RSI is deeply oversold. A potential rounded bottom suggests selling pressure could weaken if buyers step in.
A recovery could target $74.6K, $78.1K, and potentially $82.2K. However, the descending trendline remains a major obstacle for bulls.
LTF confirmation is key. A bullish CHoCH, strong displacement, and successful retest could confirm a potential reversal. Until then, $66.9K remains important downside support
#BTC80K #Leo524