BTC looking bullish as long as it is closing dailies above the support zone around $47,650. If price loses support at $47,650, then I would be looking for a move down to the next support zone around the mid $40K area. A pullback to this zone could present a great buy opportunity before another leg up!
BTC is possibly working on printing five/six drives of bearish divergence on RSI showing growing strength in the bear's camp. I am watching price action closely here as this strong resistance zone could push price lower before another leg up.If price can break through this resistance zone around $52,750, then I would be looking for a nice move up to the next resistance zone around $58,000.
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General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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.