Trade setup : $BTC

Price has broken through down trendline (see chart) as well as back above 200 SMA, which could signal bullish trend reversal. Also, notice that the gap from $74K to $90K from early November (after US elections) has been filled. We would be buyers on retests of $90K resistance level, with +10% upside potential back to $100K next. (set a price alert)

Pattern: Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target.

Trend: Short-term trend is Strong Up, Medium-term trend is Down, Long-term trend is Strong Down.

Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $75,000.00, then $60,000.00. Nearest Resistance Zone is $100,000.00, then $108,000.00.

#CryptoMarketCapBackTo$3T #MarketRebound #haxnocrypto #BTC