Bitcoin is potentially finding support around $107k after making new ATHs last week around $112k.
Assuming these levels as S and R, a strong break could signal the direction of price in the coming days.
If local support is lost, we can expect price to at least test $104.9k.
Assuming the bullish momentum continues, breaking resistance would signal higher prices. Still in tact, a continued bull flag breakout from $104.9k (20 May) could still put BTC at around $115k.
Assuming these levels as S and R, a strong break could signal the direction of price in the coming days.
If local support is lost, we can expect price to at least test $104.9k.
Assuming the bullish momentum continues, breaking resistance would signal higher prices. Still in tact, a continued bull flag breakout from $104.9k (20 May) could still put BTC at around $115k.
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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.