BITCOIN A 2020 fractal calls for 25/26k before a strong rally!

Bitcoin (BTCUSD) has been trading below the 1D MA50 (blue trend-line) for the 4th straight day, inside this 4 month Channel Up. We have spotted a similar Channel Up pattern from May to October 2020.

This started a rally after two conditions were met: the 1D RSI hit 35.00 and the price broke below the 1D MA100 (green trend-line) to form a bottom on the Channel’s Higher Low. After the 1D MA50 broke again, it started a relentless rally.

Are you waiting for a buy near that level and if so are you expecting an aggressive rally afterwards? Feel free to let us know in the comments section below!

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