BTC Prepairing for another bull run
Btc hitting all time high corrected it self and during this process got rejected from 50-60 k canal twice. The monthly candle is coming to an end. If btc manages to hold ground above 60 k by the end of this candle , it could possibly jump higher for 80 k or beyond. If the jump proves to be powerfull , 100 k is a stiff mental resistance. If 60 k breaks down by the end of the month and we are back to trading 50-60 canal . Any sudden jump above 60 k from the 50-60 canal can trigger the next big hike. If you enter at 60 k is hard to have a stop point but safe to say falling below 55 k can be considered a weakness.
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.