coolnessinc

$BTC Ranging into the New Year.

COINBASE:BTCUSD   Bitcoin
$BTC has found what seems to be some solid support at $46K after some pretty sustained moves south. I think we have some more time to spend between $46K and $48K before a clear move in either direction will be made. I don't consider $48K to be strong resistance, so I would not depend on $48K to hold as support once broken. In my opinion, a break above $53Kish will likely be the first strong level of support once broken. I'll be watching this level carefully as Q1 2022 unfolds.

I hope you and yours had a great holiday!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.