Here's a possibility in my eyes that could happen today!
BTC is in an upward wedge coming up to a very important zone. THE 24k Zone. BTC must hold the current support LVL of 22990-23100 IF it wants to continue to the upside.
If we hold this area we could see BTC go up and test the 23985- 24304 LVL
ON THE FLIP SIDE
If we lose this current LVL of support we will most likely go back down and test the 21100-21500 LVLS
BTC is in an upward wedge coming up to a very important zone. THE 24k Zone. BTC must hold the current support LVL of 22990-23100 IF it wants to continue to the upside.
If we hold this area we could see BTC go up and test the 23985- 24304 LVL
ON THE FLIP SIDE
If we lose this current LVL of support we will most likely go back down and test the 21100-21500 LVLS
Comment:
BTC is holding the bottom line of the support channel. we must hold the 22851 lvl or else we might end up heading back down to test the 21500 area. We still need to break through the 23114 LVL in order to move to the upside! I'm thinking there's still a chance for BTC to move up! We just CANNOT lose this very important support LVL .
Comment:
Looks like BTC has LOST this Support LVL ($22850) and could be heading on down to test the next LVL of Support around the $25582 LVL.
Comment:
This is still valid :)