On the daily charts, despite the recent softness, BTC/USD has managed to hold quite strong support around 28500, roughly coinciding with the 89-day moving average and the lower edge of the Ichimoku cloud on the daily charts.
BTC/USD 240-Minutes Chart
Importantly, the fall in realized volatility hasn’t altered the higher-top-higher-bottom sequence established late last year, suggesting the interim trend remains up. Only a break below the June low of 24750 would trigger a reassessment of the overall bullish bias.
