Friday 30 April 2021

Bitcoin: Getting close to rebound zone at bottom of cloud chart support zone!

Bitcoin: Getting close to rebound zone at bottom of cloud chart support zone! BTC getting closer to the bottom end cloud chart support zone at 52383. Potential rebound if support holds in and around these levels. It is vital that Bitcoin keeps trading above this zone for then it still remains bullish from a cloud chart trading perspective. Any close and price action below the cloud will change the outlook the bearish. So far so good, looking out for that rebound around cloud chart support levels. The upside target is close to the next resistance zone at the top end of the cloud chart: 58162/58955 zones. Make or break day for Bitcoin!

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