It is getting extremely close to our weekly and monthly closes, with BTC still in one of the tightest and most extended short-term ranges it has had in months, between $38,000 and $40,000.

If price action manages to keep closing on the 4H and the Daily above $38,000, we could be getting ready to confirm an even more decisive upside move above $40,000.
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.