We need a new positive consolidation and a price return to the $ 40,000 level for the bullish option. A price jump above would bring us above the MA20 and MA50 moving averages, positively impacting the price and potential recovery. Our next target is the zone at 41,000 dollars, then last week's high at 41,635 dollars. If bitcoin manages to make that move, we will get additional support in the MA200 moving average. Further positive consolidation would affect the price and potential recovery above $ 42,000.
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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.