Looking at the
BTCUSD
chat this morning I can see the pair is currently in a bullish run supported by a trend line, the BTCUSD pair is looking at breaking above key psychological level 59000. a break above this level will see the pair trade back to to the 61500 and 64000 levels respectively. I see a resistant area around 60000 and 60400 area which will probably become a hindrance to the pair getting to the 61500 price level once the 59000 level is completely broken, but all other things been equal BTCUSD bulls are in a stronger position currently than the bears. This bullish we are currently seeing started from the 54000 price level and has seen big resistance at the 59000 level but with the current chat pattern and the candles approaching the 59000 key level I can say that on a scale of 10 the pair is at a 7 to completely break the 59000 level and move on to the 60000 levels.
dont forget this is only what I see and you can have a different opinion from mine.
BTCUSD
chat this morning I can see the pair is currently in a bullish run supported by a trend line, the BTCUSD pair is looking at breaking above key psychological level 59000. a break above this level will see the pair trade back to to the 61500 and 64000 levels respectively. I see a resistant area around 60000 and 60400 area which will probably become a hindrance to the pair getting to the 61500 price level once the 59000 level is completely broken, but all other things been equal BTCUSD bulls are in a stronger position currently than the bears. This bullish we are currently seeing started from the 54000 price level and has seen big resistance at the 59000 level but with the current chat pattern and the candles approaching the 59000 key level I can say that on a scale of 10 the pair is at a 7 to completely break the 59000 level and move on to the 60000 levels. dont forget this is only what I see and you can have a different opinion from mine.
Comment:
on the other hand if 59000 level holds strong then we can be seeing a possible move back to 54000 level and a break below 54000 could see return to the 49000 level.