[06-03-2023] Forecast Bitcoin Signal - 26K will be reached again
Bitcoin decided to break consolidation and drop 6% overnight.
It was a sudden move that took less than 30 minutes, but that isn’t a first for BTC.
The key for bulls is a reclaim above the $23,130 monthly open. The longer Bitcoin trades below that area, the stronger it becomes as resistance.
If Bitcoin bulls fail to reclaim $23,130, we could move toward the $20,800 liquidity pool.
If they can reclaim $23,130, then $23,800 is the next hurdle for buyers.
But, for now, Bitcoin is range bound between the January trend line at $21,900 and the monthly open at $23,130.
Be Safe and enjoy the trade
It was a sudden move that took less than 30 minutes, but that isn’t a first for BTC.
The key for bulls is a reclaim above the $23,130 monthly open. The longer Bitcoin trades below that area, the stronger it becomes as resistance.
If Bitcoin bulls fail to reclaim $23,130, we could move toward the $20,800 liquidity pool.
If they can reclaim $23,130, then $23,800 is the next hurdle for buyers.
But, for now, Bitcoin is range bound between the January trend line at $21,900 and the monthly open at $23,130.
Be Safe and enjoy the trade