Bitcoin Battling With Final Resistance Before 64k - 75k
The price of the asset bounced from the 53k level, broke out of a falling wedge and is now facing stiff resistance at 58k.
IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k.
Also notice the series of almost identical falling and rising wedges and how effective they have been in producing strong price reversals. Both RSI and MACD support further upward movement. See you at ATH folks!
Finally, this is just my personal view of the market... DYOR!
IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k.
Also notice the series of almost identical falling and rising wedges and how effective they have been in producing strong price reversals. Both RSI and MACD support further upward movement. See you at ATH folks!
Finally, this is just my personal view of the market... DYOR!