BTCUSD - Time to decide where it wants to go
Price action has been range bound since the crash in May.
Pretty simple. Get above 42k horizontal resistance and the resistance formed from the May crash, I think we see Bitcoin go to 150k-160K minimum. That is my base case for this bull cycle.
A close below the 28k-30k support, and I personally think it goes to 20k and we enter another accumulation phase. I doubt this will happen but you never know. I will be a buyer at those levels.
Good Luck!
Pretty simple. Get above 42k horizontal resistance and the resistance formed from the May crash, I think we see Bitcoin go to 150k-160K minimum. That is my base case for this bull cycle.
A close below the 28k-30k support, and I personally think it goes to 20k and we enter another accumulation phase. I doubt this will happen but you never know. I will be a buyer at those levels.
Good Luck!
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.