PolarHusk

BTC/USD (Testing Key Fib Resistance)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
💎Technical Analysis Summary💎


BTC /USD

-Bitcoin is now trading inside the weekly resistance zone
-Currently, the price is reacting with resistance Fib 0.618
-There is no major rejection yet at this moment
-The Bulls are doing a good job maintaining this region
-If the Buyers can hold the price above 46k this week
-I think the chances to break above 49k increases
-For now, I can't see any correction or pullback yet
-So the overall market should be safe in the coming days
-But still, be cautious because BTC is testing the mid resistance
-Good luck and stay safe everyone!




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