Greetings! In this article, I will go over my technical analysis I did today and explain what indicators were notable and future potential scenarios of the BTC price action.

28k-30k rally?

These past couple of days have been very interesting for Bitcoin. When Bitcoin hit the 25k support exactly, it did a semi-major re-rally towards 26.6k (The current price right now). I was somewhat suspecting that something of this magnitude would occur due to the previous reaction towards 25k resulted into a large re-rally. 

Currently, my 20/50 ema indicator is "rounding up", which means that the 20 ema is approaching the 50 ema closer and closer (I did spot the beginning of it in my previous article), which indicates a large rally is soon to come. Furthermore, the 24 HR RSI did a retest of trend line resistance , which if there is a successful retest back on the trendline, it would solidify a large rally to 28k.