Hi Traders
Recently some people got euphoric about seeing ATH for BTCUSD. In my opinion the price is in an area of high sell pressure at the moment. Also there are an old resistance levels ahead of us. So I would like to see how price behaves above 13800 area first. At the moment I am neutral. Whenever we saw prices above 13k we went down far and fast (except for 2017 when BTC reached 20k).
So the message is basically be careful in this area ;-)
Recently some people got euphoric about seeing ATH for BTCUSD. In my opinion the price is in an area of high sell pressure at the moment. Also there are an old resistance levels ahead of us. So I would like to see how price behaves above 13800 area first. At the moment I am neutral. Whenever we saw prices above 13k we went down far and fast (except for 2017 when BTC reached 20k).
So the message is basically be careful in this area ;-)