Looking at the weekly timeframe, BTC is rejecting an important resistance level around 43k now turned support. BTC has also made a perfect retest on my short term trend line. Here is what I want to see next:
1) BTC forming a strong support around the 43k level.
2) BTC to respect my short term trend line as well as the resistance zone now turned support around 43k.
3) Some bullish momentum towards the end of this week indicating the end of the retracement and continuation back up to 48k.
1) BTC forming a strong support around the 43k level.
2) BTC to respect my short term trend line as well as the resistance zone now turned support around 43k.
3) Some bullish momentum towards the end of this week indicating the end of the retracement and continuation back up to 48k.