#BTC

BITCOIN

We observe a bullish pennant here and note the orange line representing the 100 MA as a dynamic support. My low time frame scenario is basically the same as my high time frame scenario. I expect Bitcoin to move lower and retest the 100 MA, which is consistent with the bullish pentagram’s upward slope. Ideally, in order to reset the oscillator, I would like to see consolidation between these two lines over the next few days. Losing the 100 MA would open the door to 35.1k.