I'm neither bullish nor bearish right now but to go higher (>6770$): (a) BTC must break the Kijun Sen (red line) (b) Chikou Span (green line) must break its kijun
It will probably be a hard resistance.
If BTC does kreak this level the next target is 6920$ which is a .618 Fib retracement from the latest rally.
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Kijun Sen (thin red line) plays a tough resistance on the daily timeframe. We'll see if BTC can break it and reach the .681 Fib retracement at 6900$ from the last rally.
No positive or negative sentiment right now. I'm just looking at the price and wait for better conditions to take a position.
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BTC struggles to break Kijun Sen on the daily timeframe.
But not impossible neither.
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Interesting fight between bears and bulls between Kijun 1h and Kijun 4h timeframes