BTC failed to break above the 44k once again. Does it mean there's no hope for a breakout? Well, to answer that let us dive deeper into this analysis.
- The 44k has become a strong sentiment for BTC; somehow, it fails to break and close above this resistance again.
- If a rejection is repeated then 40.5k to 40.8k will once again be a strong support but before reaching that low, BTC will be holding another support between FWB:42K to 43k.
- Talking about the breakout, BTC has a lot more to offer in this bull run. It doesn't matter if BTC gets rejected again, I would consider it as a good opportunity to accumulate more. Do you remember when 30k was a strong sentiment for BTC, we all expected a breakout above the 30k resistance. The same thing with 44k, sooner or later we will see a breakout.
That's it for now. I hope you find this post helpful.
Christmas Eve is 4 days away, so have a great time with your friends and family. Don't take a lot of trading stress. Together we will make it big.