BTC is approaching to test two important lines:
First, the red -- This is the third attempt. it was rejected twice before.
Second, the top orange -- it's an extrapolated trendline expected to act as resistance at least on first attempt.
The reaction here will be interesting.
1. If rejected, a small pull-back is likely to prepare for another attempt versus a major drop.
2. If price breaks through, a small rally followed by a pull-back to re-test at-least the red line.
First, the red -- This is the third attempt. it was rejected twice before.
Second, the top orange -- it's an extrapolated trendline expected to act as resistance at least on first attempt.
The reaction here will be interesting.
1. If rejected, a small pull-back is likely to prepare for another attempt versus a major drop.
2. If price breaks through, a small rally followed by a pull-back to re-test at-least the red line.