BTC Daily Update 26 May 2021
Based on BTC daily chart, it is now testing to break its bearish pennant resistance at around 39.3k.
MACD signal line is currently forming an uptrend momentum.
For confirmation, a candle close above the resistance and retest of the resistance turned support means that BTC are in a reversal uptrend.
Otherwise, a rejection will bring BTC back to retest its previous support around .5 fib level or lower around 33k.
MACD signal line is currently forming an uptrend momentum.
For confirmation, a candle close above the resistance and retest of the resistance turned support means that BTC are in a reversal uptrend.
Otherwise, a rejection will bring BTC back to retest its previous support around .5 fib level or lower around 33k.
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