BITCOIN About to wave goodbye to 30k for good if broken?

Bitcoin (BTCUSD) is ahead of a critical breakthrough on the 1W time-frame. The former Support of the first half of the Bear Cycle is around 30k and is currently being tested. History has shown that when this level gets tested as a Resistance and breaks during the start of a new Bull Cycle, it never gets retested (cannot count the irregularity of a once in 100 years event like the COVID pandemic in March 2020.

At the same time time, when it breaks the 9°Lower Highs trend-line, the Parabolic Rally starts and doesn’t look back. All this while the 1W LMACD is on perfect symmetry with the previous Support tests.

Tradingview link:

https://www.tradingview.com/chart/BTCUSD/6ZCsVxkv-BITCOIN-About-to-wave-goodbye-to-30k-for-good-if-broken/



Add a comment