Call me crazy but I suspect -even if- this is a Bitcoin bear market bounce, we are destined to retest the upper range in the coming week(s).
We have one good shakeout with the FOMC this week, before bulls have a chance to build momentum to rally a retest of the 20/ 21w MA band & November '21 resistance.
Of course this isn't a guarantee and I'm just projecting based on a quick scan of the charts on higher timeframes. Support and resistance levels below.
Support levels: $21.7k, $19.3k, $18.9k, $17.6k
Resistance levels: $24.3k, $27.9k, $30k, $31.2k
We have one good shakeout with the FOMC this week, before bulls have a chance to build momentum to rally a retest of the 20/ 21w MA band & November '21 resistance.
Of course this isn't a guarantee and I'm just projecting based on a quick scan of the charts on higher timeframes. Support and resistance levels below.
Support levels: $21.7k, $19.3k, $18.9k, $17.6k
Resistance levels: $24.3k, $27.9k, $30k, $31.2k