enclosed is as every day my daily update on the BTC price.
We had formed our Symmetrical Triangle yesterday and have seen tonight a nice breakout with erfolgrtreichen retest down! The target would be around $41,000. However, at the moment it seems that BTC is holding strong at $45,000. This initial support is very important. It could hold off another sell off. Should the 45,000$ not hold, I strongly assume that we will test the 41,000$ - 40,000$ in any case.
Keep today absolutely the support zone of 45,000$ in the eye! If we should rise to the top, we have resistance at our white lines of the Symmetrical Triangle. BTC absolutely must close a 1h candel above it or we could be rejacted again!
Stay healthy and have a nice Sunday all!
Your Schueco / BTC Moneymaker
P.s.: Don't forget to like and follow, so you don't miss anything!
Nothing must hold, depends on sentiment, traders emotions, etc. Can't expect any instrument to go high so quickly especially when covid-19 problems getting solved. Why gold went down?