Hi
Bitcoin was the name of the week. Huge media support & lots of buzz going on around halving event.
The candles are currently seating on broken resistance trendline (from 2019) which still needs to become strong support (next daily candle must close above)
So if the next daily candle close above that trendline then we will most likely see re-test of the new resitance at ~10k.
But if the bulls will get exhausted that could push the price down to the Strong support zone.
So nothing dramatic will occur in the next few days according to this TA.
SCENARIO1.
Closes above trendline, re-test 10k resistance (if brakes it, more further up)
SCENARIO2.
Closes belove trendline, re-test Strong support zone.
Bitcoin was the name of the week. Huge media support & lots of buzz going on around halving event.
The candles are currently seating on broken resistance trendline (from 2019) which still needs to become strong support (next daily candle must close above)
So if the next daily candle close above that trendline then we will most likely see re-test of the new resitance at ~10k.
But if the bulls will get exhausted that could push the price down to the Strong support zone.
So nothing dramatic will occur in the next few days according to this TA.
SCENARIO1.
Closes above trendline, re-test 10k resistance (if brakes it, more further up)
SCENARIO2.
Closes belove trendline, re-test Strong support zone.
Trade active:
Support line stopped the downfall.
The price needs to surpas the 8700 level for further uptrend.
The price needs to surpas the 8700 level for further uptrend.