Another strong bullish impulse move from btc over the past 24 hours. It has cracked the 8k daily resistance level and has continued pushing up through a 4 hour resistance at around 8160 wicking all the way up to around 8340 before pulling back and closing below 8339 resistance.
From here we could see the retrace begin to test the recently broken resistance levels as support. 8023 being a key daily support which aligns with the 38.2 Fibonacci level.
If this candle turns bullish and we see a break in the 8339 resistance btc could continue the bullish momentum and head up to test the next resistance levels.
I'm currently still holding a bag from 6099 and am going to continue to do so until i see some confirmation that we are heading back down.
From here we could see the retrace begin to test the recently broken resistance levels as support. 8023 being a key daily support which aligns with the 38.2 Fibonacci level.
If this candle turns bullish and we see a break in the 8339 resistance btc could continue the bullish momentum and head up to test the next resistance levels.
I'm currently still holding a bag from 6099 and am going to continue to do so until i see some confirmation that we are heading back down.