BTC Medium-Term Analysis
Looking at Bitcoin here as we remain pinned on the $4000 key level, I am cautiously bullish. As we have been consolidating for the last 3 weeks BTC has held the Daily trendline, making higher highs and higher lows. This gives me reason to believe a larger move back into the $4200 weekly resistance region is setting up. The $4200 Resistance has been strong with multiple weekly rejections however a break through would lead us to the $4400 Monthly Resistance region. However a more bearish scenario would be to see the Daily trendline broken through, which would lead us back into the $3700 Weekly support zone. With liquidity zones just below at $3650-3600.
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