Bounce off 360EMA and 8 year trendline
We are at an important inflection point for BTCUSD where we have hit a number of key levels including the 360 ema (blue), the 8 year trendline (yellow), the 2017 high of around 19k and we've completed a 1.414 extension down from recent highs. Note how the March 2020 crash bounced off the 360 ema and yellow trendline. Will all of these levels function as support for Bitcoin?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.