March 29: #Bitcoin: 4 hr: $BTC is forming a bullish rectangle pattern on chart which support is $26600 and Resistance is $28600.
Any 4 hr or daily closing above $28600 will open target $30k-$31k
Support: $26600 and $25000
RSI and MACD both are showing Bullish momentum, only need a breakout.
At this point Bears also like to play short trade near $28800 with Stop loss $29050 for swing trade. A short squeeze can push BTC towards $30000.
Events:
Quarterly Expiry on March 31
US CPI data: April 12
