If BTC can hold the all-time-high demand zone between $48,500 and $48,600 it can look to break back into the $51,000 range very quickly.
If it finds support above the all-time high demand zone between $49,000 and $49,200, it can possible look to test the supply ranges underneath the all-time-high levels.
A rejection of the drawn green trendline to the downside would indicate very good strength in upcoming moves.
A break down below the green trendline followed by a rejection of re-entry into the above channel BTC will likely test the lower demand zone as support
If it finds support above the all-time high demand zone between $49,000 and $49,200, it can possible look to test the supply ranges underneath the all-time-high levels.
A rejection of the drawn green trendline to the downside would indicate very good strength in upcoming moves.
A break down below the green trendline followed by a rejection of re-entry into the above channel BTC will likely test the lower demand zone as support
Comment:
Next potential moves for BTC on the 15 min
Next potential moves for BTC on the 15 min
BTC has hit the initial price target resistance and is currently deciding whether it wants to challenge the upper supply or if it want to fill that demand gap it just created from the move up from $49,000 range
A break and support of the current supply would test and test a break of the $52,600 supply
A break to the downside could see a potential add/dip buy area between $49,900 and $50,200