BITCOIN 1D MA100 broke but recovering fast after the elections.BitcoinCRYPTO:BTCUSDTradingShotBitcoin (BTCUSD) broke below its 1D MA100 (green trend-line) early in today's session but has recovered all losses aggressively following the U.S. Mid-term elections result. Nonetheless, that was BTC's first break below the 1D MA100 since August 19 and the spike that started the market's aggressive recovery from the Bear Cycle bottom. If the 1D MA100 holds, then Bitcoin will most likely extend the rebound and start a new medium-term Bull Cycle rally. If the 1D MA100 fails (i.e. close a candle below it), then the recent price action will continue to look very similar to the May fractal, which was a peak formation that led to the final Bear Cycle Leg. So far the current fractal is on an identical decline to its 1D MA100 as May (-12.81%). If broken, the 1D MA200 (orange trend-line) is the next Support to keep in mind but we believe the 1W MA100 (red trend-line) is of higher importance. We expect the price to rebound either there or closer to the 0.618 Fibonacci retracement level if the 1D MA200 breaks. Fair long-term Buy Zone: $72000 - $68000. So do you think Bitcoin will extend the 1D MA100 rebound or close below it and aim much lower? Feel free to let us know in the comments section below! --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇