Super bullish is Bitcoin. Bitcoin has started its bullish momentum and trend and is going to be continue going up. The support level drawn here is at the price of 43100 which needs to print a bullish confirmation price action which will then continue its course. The market has formed the double bottom at the support level. Once it taps the support level again. The structure formation is higher highs and higher lows.

The trendline is ascerting the support rejection at the price action. This means, it should continue going up.

There is no retracement level in this setup.

The EMA 50 is still bullish and the market is tapping the price action as the building up of the support, which will continue its course towards the upper side.

RSI is at 71. It needs to break above the 50 level and then retest at the 50 level with the confluence of other technical parameters.

Bitcoin is massive bullish

Dec 09 2023

Stop Loss -2.12%

Holding time 0hr

43168.60

Entry price

42254.60

Stop loss price