BTC has created new Resistance at the 52K mark with multiple rejections over the past 24 hours.
as we all know BTC does BTC things so I have charted up 2 scenarios.
My initial target was bullish using the -27 on fibs
However with the current rejections off resistance, volume dropping and MACD cross. I have added a bearish target which will break the internal trend yet maintain the overall uptrend taking price to the closest demand zone
BTCUSD 4hr
as we all know BTC does BTC things so I have charted up 2 scenarios.
My initial target was bullish using the -27 on fibs
However with the current rejections off resistance, volume dropping and MACD cross. I have added a bearish target which will break the internal trend yet maintain the overall uptrend taking price to the closest demand zone
BTCUSD 4hr