Bitcoin hitting major resistance at 9550 that has been both a support and a resistance.
We have a CME Futures gap at 9.2K.
My idea is that we see a fake breakout and then fill the CME gap and after that start to rise to the 11K level which was a resistance last year.
Also, in my opinion 10K is a big psychological level for Bitcoin for it is now a five digit number.
I don't think we will see a new ATH before the halving.
We have a CME Futures gap at 9.2K.
My idea is that we see a fake breakout and then fill the CME gap and after that start to rise to the 11K level which was a resistance last year.
Also, in my opinion 10K is a big psychological level for Bitcoin for it is now a five digit number.
I don't think we will see a new ATH before the halving.
Comment:
This trade is still open, it seems to going to hit the targer soon.
Would I close there, do I expect a pullback, don't know for sure at the moment, I will be updating this idea when it came to that, for now, this plan is still valid.
Would I close there, do I expect a pullback, don't know for sure at the moment, I will be updating this idea when it came to that, for now, this plan is still valid.
I expect Bitcoin to close the month between 9.1 and 9.3k.