BTC is back to the 69k zone. What's up with BTC? Is it gonna dump further?
This April first we see a quick BTC crash to the 68k zone. But then price went back up, and is now consolidating at the 69k zone. April fools! It seems that some one has market sell his BTC stack. đ
Anyway let's check the chart again. đ
In the 6H chart, yesterday's Ascending triangle was invalidated when the recent candle closed at the 69k zone. Looking at the chart, it seems that candles has re assembled and is now forming a bullish rectangle.
It seems that market is taking its time forming significant support along the 69k to the 70k zone. That's right, it is creating support near its key resistance which is 73k. This is a very good move for BTC. It's still bound to go up.
DYOR. NFA.
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Chart below đ