As the title mentions, the recent Bitcoin move higher has reached the golden pocket retracement. In addition to that, a large support level and psychological support level of 25k is now in play.
It’s key to watch for some smaller timeframe structure to start forming here, which includes things like identifying smaller technical patterns as well as observing for bullish divergence to appear.
If BTC is going to bounce, this 24-25k range is where it needs to happen, otherwise the bulls are not showing up and the market is weak.
As the title mentions, the recent Bitcoin move higher has reached the golden pocket retracement. In addition to that, a large support level and psychological support level of 25k is now in play.
It’s key to watch for some smaller timeframe structure to start forming here, which includes things like identifying smaller technical patterns as well as observing for bullish divergence to appear.
If BTC is going to bounce, this 24-25k range is where it needs to happen, otherwise the bulls are not showing up and the market is weak.