BitcoinLong
Bitcoin Approaching Resistance for possible Breakout
For the Second time BTC is approaching the 58K level, if we can get through the level of resistance then we will be back in price discovery, keep your eye on the possible breakout or rejection.
If we breakout I'm looking for entry points around $58,700 with a stop-loss under current day green candle.
In the event that we stall at $60,000 be prepared for many people taking profit at the psychological level... Then again BTC doesnt care sometimes and just bulls right on through.
Also note than momentum has crossed and looks freshly recharged
Better yet, we may even get the good ol' cup and handle 😉
Thank you,
Michael
If we breakout I'm looking for entry points around $58,700 with a stop-loss under current day green candle.
In the event that we stall at $60,000 be prepared for many people taking profit at the psychological level... Then again BTC doesnt care sometimes and just bulls right on through.
Also note than momentum has crossed and looks freshly recharged
Better yet, we may even get the good ol' cup and handle 😉
Thank you,
Michael
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