BitcoinMacro

Bitcoin should be making a moving soon

BITMEX:XBTUSD.P   Bitcoin
By the looks of it Bitcoin will have decided which direction it is going to go by the 21st of February.

We could touch the double bottom break out zone, that looks like pretty strong support before making any moves higher. The monthly pivot never broke, neither did the diagonal resistance zone. Price is still sandwiched between the monthly and weekly pivot, with strong support below and strong resistance above.

In my opinion the best thing to do is to either wait to buy lower and hope for a break out or simply buy the retest of the break out when (and if) it happens.

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