We have a strong resistance on 40k. If we break it i would expect this two scenarios something in this ranges.
42k could give some strong resistance too. But anyway first scenario would be a bull trap where we hit around 50k and drop alot from there.
Second scenario we go hard and hit ATH in some realistic range of 70k not some extreme ATH that influencers predict and we drop from there.
Positive signs are on 1 hour and 4 hour chart where we are on the 50 EMA and MACD is showing bullish signs.
On 1 day chart MACD starts to show some reversal to bullish. So tomorrow possibly more rise in price.
Other scenarios we accumulate or we close candle on the weekly chart below 50 EMA that would be worst case so i would be bearish on this event.
42k could give some strong resistance too. But anyway first scenario would be a bull trap where we hit around 50k and drop alot from there.
Second scenario we go hard and hit ATH in some realistic range of 70k not some extreme ATH that influencers predict and we drop from there.
Positive signs are on 1 hour and 4 hour chart where we are on the 50 EMA and MACD is showing bullish signs.
On 1 day chart MACD starts to show some reversal to bullish. So tomorrow possibly more rise in price.
Other scenarios we accumulate or we close candle on the weekly chart below 50 EMA that would be worst case so i would be bearish on this event.