#BTCRebound $BTC Breakout or Fakeout?
BTC has successfully broken through the downward trendline and is now holding above the 200 EMA on the 4H timeframe. The RSI is also showing bullish momentum above the 60 level. If the price can stay above $84,000, the potential towards resistance at $91,800 is wide open. However, be cautious of the support area at $82,900 in case of a correction.
Is this breakout valid or just a retest before falling again?
Your comments are awaited!