BTC PULLS BACK TO 47,300. WILL THIS SUPPORT HOLD? After a recent high of 50,542, BTC has pulled back to immediate support at 47,000. Daily 15 SMA now acting as a strong area of support and trend line so far. This is critical for a bullish quest. If you observe well you will notice that price has always pulled back from the daily 15 SMA on a number of times in the past 30days. Will this support /trend line hold like it has always done? Are we seeing another pull back? Looks likely, but I guess we will have to wait and see what price action does at the close of the daily candle. ON THE FLIP SIDE 📉 If this support does not hold we should expect price to test the next support level at about 44,000. Stepping down to lower time frame to see how this plays out Pictures courtesy of Binance.com This is not a financial advice. Please do your research #NoiseCash