UltimateCryptoTrader

Important bitcoin update!!

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin on monthly chart.

You can see very important level about 59 000 USD.

Today is closing monthly candle. This close will be very important.

Is important to close body of candle above this level.


Bearish scenario - Weekly (daily) close below 47k means bearish market.
Comment:
Bitcoin had bullflag formation. After break is still testing top trendline.

Bullish move up should come soon.

Comment:
Bitcoin is still in the range. For next run up is important to close above level 64k.
Comment:
Bitcoin accumulation - price is still above important level 60k.

This move like an accumulation before next leg up.

Price could drop down to 56-57 bcs there are many stoplosses. Be careful about this situation.

Is it good idea to put limit order in this area.


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