Crypto38

Bitcoin bounce at $24,000 I see Bitcoin moving accordingly so far. On my daily chart, RSI is just getting to 30. And Bitcoin is still above the 200 Simple Moving Average so it has room to come down before a bounce as it always does with these chart patterns. Thus, I still see no need to panic. Only opportunities to accumulate or get in.

After the FTX incident, sellers should be exhausted. Bitcoin was already bottoming out before the event. We have a strong candlestick forming to the upside. Any one buying at these levels will make big profits.

Same Chart, Different day. As they say , "Resistance becomes Support". In my view, this chart shows your often repeated pattern of blowing through resistance and then coming back down to that level. Thus, if the pattern repeats, Bitcoins bottom is at the $20,000 range.

Bitcoin has been in this 60k zone for months. Previously it was resistance, however, for the last few months it has been staying above 60k. The trend is my friend and it has been going upward so I believe it is most likely to continue upward to 85k.

Bitcoin on the one hour chart looks so sweet sitting over the resistance level I have here in white since April of 2021. If we break up, which is my view, we are going into new highs.

RSI on the daily went down close to 30RSI. 4hr chart is already heading up and the hourly is set to make a decision sometime tonight or by tomorrow. I am bullish so I see us heading back up to $50,000 which has been resistance. Once we break this resistance, $65,000 and above will be exponential. Regulations and bans on Bitcoin up to this point seem weak for the long term Hodler.

On the hourly we are moving sideways, basically flat line. This means there will be a breakout soon. I'm still Bullish.

Bitcoins relentless pursuit of higher prices is driven by its core community. Manipulators will try to keep it under $50,000 but its hard cap supply will eventually defeat them. We are definitely going to reach $100,000 eventually. its only a matter of time and time is running out for the Bears.

Bitcoin is still in a uptrend. From the looks of this chart, Bitcoin has come down to the 200 day simple moving average on the daily chart. This is perfectly normal and expected. Furthermore. Bitcoin RSI levels are perfect for buying in this area and we should see a bounce back up from here.