muss3rwilliam

BTC Current Trend Direction and support resistance zones

BITFINEX:BTCUSD   Bitcoin
Currently BTC seems to be trending above Previous resistance as indicated on the chart and using it as a form of support. Feel free to add your own input. Outside of the obvious we are holding pretty stable in the current support resistance zone I have indicated those zones also on the chart. We may take off any moment it feels as these low volume days tend to bring heavy FOMO into the market. and I am seeing quite a few bulls stepping in to play from load ups that are very visible on the chart. I do think this will be the last leg of the cycle for BTC landing anywhere from 80k to 100k maybe even higher depending on FOMO. Economics seem to be looking to try and curve inflation which I am sure the federal reserve will do through an increase in interest rates bringing buyers to a slow down as well as sellers and people with non fixed loans looking to get out of their loan positions. I am not a financial advisor I am just giving my own insight.

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