Bitcoins Logarithm Chart Analysis / Bull Breakouts / H4
BTC got nice supported below $46,000.
The movement was within bear channel which got broken by bulls finally.
Bulls also broke the long-term bear trendline.
Wait to see the retest of broken lines and reaction to BO point.
$53,350 is now the most important resistance of BTC Logarithm chart.
Higher prices expected if this resistance get broken.
Otherwise if price returns below the last trend line, $46,000 may be tested again,
or even lower prices like $40,000.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
The movement was within bear channel which got broken by bulls finally.
Bulls also broke the long-term bear trendline.
Wait to see the retest of broken lines and reaction to BO point.
$53,350 is now the most important resistance of BTC Logarithm chart.
Higher prices expected if this resistance get broken.
Otherwise if price returns below the last trend line, $46,000 may be tested again,
or even lower prices like $40,000.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...