Bitcoin has recently finally broken out of the 42-30k range with a nice price increase afterwards. Currently facing HTF resistance @48-50K, we brake this big resistance we could see new ATH's. If we get rejected hard we are back inside the range of 42-30k again and we consolidates some more.
Bullish scenario: Weekly closes above 20W and hold it as support
Bearish scenario: Rejection and lose the 20W
Both scenario's are not that bad if you look at it as an investement perspective.
Bullish scenario: Weekly closes above 20W and hold it as support
Bearish scenario: Rejection and lose the 20W
Both scenario's are not that bad if you look at it as an investement perspective.
Comment:
Weekly closed around 51k very bullish. Hold above 50k and we will see new ATH’s very soon.
Comment:
Dropped back below 50k bearish. A HTF test of the 200d EMA and 20W @42/43k would be the best scenario to get great buying pressure again.
Comment:
BTC Back above 50k. Facing the last minor resistance @58K. Break of 58K would mean new ATH's for me