What's up guys ! I don't think bitcoin can go much higher than between 6k-6.5k. There is massive resistance over there and no way bitcoin will crack the big 6k support (now resistance) like it's nothing. After hitting it's top between now and around 6k, I think BTC could drop around 4k, where we can see a lot of support (orange line and SMA 200 week (turquoise line)). I don't think we'll go much lower than that... We could revisit the previous low at 3.1k but I doubt so. At this point, I really think the low is in for bitcoin.
Have a good day guys and a good trading session !
Fred
Have a good day guys and a good trading session !
Fred
