Nice pump from BTC today after a steady downtrend followed by a couple days of consolidation. 41.4k is a huge level. Three ways we can go from here imo.
#1. Flip 41.4k to support and run the previous support (now resistance) of 43.6k
#2. Reject 41.4k after a bit and then consolidate again at low 39k's
#3. Reject 41.4k and then run the lows at 37.6k to test demand for bulls.
Not going to be playing this most likely but just some potential scenarios.
#1. Flip 41.4k to support and run the previous support (now resistance) of 43.6k
#2. Reject 41.4k after a bit and then consolidate again at low 39k's
#3. Reject 41.4k and then run the lows at 37.6k to test demand for bulls.
Not going to be playing this most likely but just some potential scenarios.