BTC To break $64.9k And New ATH? Or a Retest of EMA100?
Currently sitting around $64.3k, the position is neutral for both Bulls and Bears who are watching for a bigger volume move in their direction for confirmation. Our next resistance is $64.9k which if broken and a candle closes above we could move up to test ATH again. Current sentiment is slightly more negative than positive, which is not uncommon on a weekend.
A move down could see us re-test the EMA100, which so far a candle has not closed below since our move up last week. If this is broken, a retest of $60-$61k comes next where there is very strong support.
On Friday afternoon, The SEC rejected the VanEck Bitcoin Spot ETF which caused a dip in the marketing. We have another decision, on the $XBTF ETF, this Tuesday (16th November.) Because of the previous rejection, all eyes are on this one. We can expect to see a strong move in the market in either direction depending on the decision.
A move down could see us re-test the EMA100, which so far a candle has not closed below since our move up last week. If this is broken, a retest of $60-$61k comes next where there is very strong support.
On Friday afternoon, The SEC rejected the VanEck Bitcoin Spot ETF which caused a dip in the marketing. We have another decision, on the $XBTF ETF, this Tuesday (16th November.) Because of the previous rejection, all eyes are on this one. We can expect to see a strong move in the market in either direction depending on the decision.
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