2-25-21: I expect price levels to go back up to $56k and then drop back down to the $42k resistance level, a drop below $40k seems unlikely.
Bounce off of $42k to test resistance at $58k, then go back into price discovery mode.
Bounce off of $42k to test resistance at $58k, then go back into price discovery mode.
Comment:
UPDATE 2-26-21: We've broken below the 20D MA support, we'll need to close above $50k to see the retest of $54k-$54k levels. But it looks like we might skip that and go straight to testing support on the 50D MA.
