BTC: TESTING THE ACTUAL RESISTANCE.
Hello traders, here's a quick update on BTC in 6 hours timeframe.
BTC has just rallied $24.9k and in my previous post I mentioned that 'To make a successful rally toward $25k, BTC must break above the $22.3k to $22.7k resistance'. It did break above it and currently, the price is trending at $24.6k. This is crazy but I am gonna be cautious here because $25k was the old resistance and I have mentioned several times that $25k is an important resistance for BTC.
From this point, either we will see a new rally on BTC or a dump in the market for one last time. The RSI is in the overbought area so let us be careful.
What's next on BTC? To know more, follow my channel and stay updated.
Thank you for reading. Trade safely.
BTC has just rallied $24.9k and in my previous post I mentioned that 'To make a successful rally toward $25k, BTC must break above the $22.3k to $22.7k resistance'. It did break above it and currently, the price is trending at $24.6k. This is crazy but I am gonna be cautious here because $25k was the old resistance and I have mentioned several times that $25k is an important resistance for BTC.
From this point, either we will see a new rally on BTC or a dump in the market for one last time. The RSI is in the overbought area so let us be careful.
What's next on BTC? To know more, follow my channel and stay updated.
Thank you for reading. Trade safely.
The chart perfectly played. BTC got rejected from the $25k resistance. Thank you guys for reading and supporting my ideas.