Bitcoin - possible correction before more bullish continuation
BTCUSD
price after reaching resistance around $45,000 rejected from the area, and price is supported by ascending trendline, currently price is between support around $42,000 and resistance around $45,000, price may start a correction for sometime from resistance before making a breakout of resistance or support, my bias is bullish as price is above support is trendline, if price breaks below the support and trendline, the bias may change, for now I suggest we should wait for the price to correct towards the support wait for the price to break above resistance to take entry.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
price after reaching resistance around $45,000 rejected from the area, and price is supported by ascending trendline, currently price is between support around $42,000 and resistance around $45,000, price may start a correction for sometime from resistance before making a breakout of resistance or support, my bias is bullish as price is above support is trendline, if price breaks below the support and trendline, the bias may change, for now I suggest we should wait for the price to correct towards the support wait for the price to break above resistance to take entry.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.