Quick update on the price of Bitcoin, it broke out of this downtrend and created higher lows on a bounce off of $33,099, indicating a trend reversal to the upside.
This was confirmed after the 4H close over $34,484 and from here the price of Bitcoin has been pumping. What seemed like a fake breakout and rejection off of the $37,560 resistance really was just a 1st touch of the level, meaning that the only untouched resistance from this point forward is $39,696.
My next targets moving forward are:
TP1 🎯 $36,327
TP2 🎯 $37,560
This was confirmed after the 4H close over $34,484 and from here the price of Bitcoin has been pumping. What seemed like a fake breakout and rejection off of the $37,560 resistance really was just a 1st touch of the level, meaning that the only untouched resistance from this point forward is $39,696.
My next targets moving forward are:
TP1 🎯 $36,327
TP2 🎯 $37,560
