BTC has been sitting in this consolidation range for the past few hours. The current price is directly in the middle of this zone with a short term bullish trend forming.
I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again.
This is a bullish scenario, and the market could move in the opposite direction. If this is the case in the next 1-2 hours, I would like to seen it drop to the lower support zone at the bottom of the consolidation range, and then monitor price action on the 1H/4H charts to react accordingly!
Good luck :)
- Chigz
I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again.
This is a bullish scenario, and the market could move in the opposite direction. If this is the case in the next 1-2 hours, I would like to seen it drop to the lower support zone at the bottom of the consolidation range, and then monitor price action on the 1H/4H charts to react accordingly!
Good luck :)
- Chigz