Bitcoin – bulls must hold this level!

14.01.2022 3:58 pm

Hello, this is another view on the Bitcoin price action. Today I have already made the classical TA, see the previous post.

There I defined that $41500 – $42000 is the golden Fib pocket which is the must be hold for the uptrend continuation. Now I found that the strong Demand Zone was formed also here. The Falling Wedge pattern is forming now with the Bullish divergence with the MFI. All these facts give us the evidences that $41500 level is going to be hold. If not I am temporary out of long positions.

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