Bitcoin

Bitcoin Daily UPDATE Still Bullish, testing resistance

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PA got rejected by the 4.618 Fib extension.
And Now, we see that PA has retraced and is now testing that Old Dashed line of resistance, as Support. Yp remind you, that dashed line has rejected PA ever since the Oct ATH.

It is important we Hold this
The 4 hour chart shows this more clearly.
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We currently see, today, is GREEN
Support is holding and providing we kerp this, I reman bullish.

The 4 Hour MACD
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Keep an eye on this. We need to see it bounce, hopefully off the Neitral line.
Histogram currently RED>. shows continued Drop.
MACD is Laggy, showing what has already happened.....But the Histogram is a great way of seeing change of direction

Should Support fail, we have what appears to be the "Bottom" around 84K and then around 80500

So, We Wait.....Time will tell

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