Since The Recent Low Of 6100 Bitcoin Has Since Made Somewhat of A Reversal or At Least A Bounce, Making Higher Lows On The Way.
Now We Are Looking For Bitcoin To Either Break The Over Head Resistance & Continue The Reversal Or Fall Back To Test Lower Supports, The Triangle Shows The Area This Will Happen & Likely Support Zones It Could Fall To.
We Are Still In An Area Where We Do Not Know If This Is A Reversal Or Just A Bounce On The Way Down, My Bias Is That We May Continue To Range Between 6300-7k For A While.
Follow For Updates :)
Now We Are Looking For Bitcoin To Either Break The Over Head Resistance & Continue The Reversal Or Fall Back To Test Lower Supports, The Triangle Shows The Area This Will Happen & Likely Support Zones It Could Fall To.
We Are Still In An Area Where We Do Not Know If This Is A Reversal Or Just A Bounce On The Way Down, My Bias Is That We May Continue To Range Between 6300-7k For A While.
Follow For Updates :)
Comment:
After easily breaking down i expect bitcoin to range between 6350-6650 for a while A drop below 6350 should signal new lows