#BTCUPDATE - 11.6.21
BTC is holding quite strong - a break down of $35.2k will take us back to a short-term bearish sentiment until then it is still looking strong.
We are very close to challenging the 20DEMA again - whilst not set in stone we can see a rejection here again like we did on the 10th June. Flipping it will be a very bullish sign which will align with the $38k resistance.
U.S is still online common to see pumps or dumps in the direction of the market so with it showing some upwards movement the US could provide the buying pressure needed to break this $38k resistance.
If broken then $40k is next target - if rejected then it will be back to $35.5k
$38k is the important milestone to be looking at right now.
BTC is holding quite strong - a break down of $35.2k will take us back to a short-term bearish sentiment until then it is still looking strong.
We are very close to challenging the 20DEMA again - whilst not set in stone we can see a rejection here again like we did on the 10th June. Flipping it will be a very bullish sign which will align with the $38k resistance.
U.S is still online common to see pumps or dumps in the direction of the market so with it showing some upwards movement the US could provide the buying pressure needed to break this $38k resistance.
If broken then $40k is next target - if rejected then it will be back to $35.5k
$38k is the important milestone to be looking at right now.
