Bitcoin is currently hanging around a resistance trendline.
I think it will struggle to hold above it.
If it breaks the resistance it will get stopped at around 7660EUR.
If it breaks the 7660EUR target it is not yet in a new bullish run.
As seen on the 1D chart and 3D chart there's a much stronger resistance trendline waiting to get tested.
There's a nice opportunity to go short at 7960EUR.
If it breaks the 7960EUR and holds it with nice volume it could sign into a new bullrun.
What is more likely is that 7050EUR gets tested and may have one jump from it.
Volume is slowly lowering and the bulls are slowly dissapearing.
I think it will struggle to hold above it.
If it breaks the resistance it will get stopped at around 7660EUR.
If it breaks the 7660EUR target it is not yet in a new bullish run.
As seen on the 1D chart and 3D chart there's a much stronger resistance trendline waiting to get tested.
There's a nice opportunity to go short at 7960EUR.
If it breaks the 7960EUR and holds it with nice volume it could sign into a new bullrun.
What is more likely is that 7050EUR gets tested and may have one jump from it.
Volume is slowly lowering and the bulls are slowly dissapearing.
- probability to 7050EUR around 70%
probability to test 7650EUR around 30%
probability to test 7960EUR around 15%
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