BTC analysis-We are reaching a crucial area!

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Hey guys! I thought I would start doing a second forecast using the same principles I use for EURUSD trading-as they apply to all markets!

We are reaching a KEY area on the BTC daily chart , we are still contained within the daily sell range and are now reaching the back of the range that started the initial move, price has been rallying for some time without a decent pullback.

If we do encounter a pullback in this region we have a strong range lower that was never mitigated either this could offer some resistance and a path up still.

If the current block fails-I can see us reaching for ATHs again.

As always Trade safe


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