Todays bearish action across the board is mostly owing to the price action of BTC. If we are to break the 55k level , we can expect price to test the 52K level once more. If the market leads to this break , we can expect short term further bearish moves across the board.
If we are to break the resistance around 58.5K we can expect to re-visit the ATH and beyond to the 65K level.
Important to realize price is currently sitting in a strong demand zone in which buyers will be present.
Trade safe
Sunny
If we are to break the resistance around 58.5K we can expect to re-visit the ATH and beyond to the 65K level.
Important to realize price is currently sitting in a strong demand zone in which buyers will be present.
Trade safe
Sunny
Comment:
Buyers sure were present./ Lets see if price can withstand this pressure