Hello, trades, Dexter here with yet another update on BTC in a daily timeframe.
It's the 5th day and BTC just couldn't break the
23K resistance level. If BTC breaks this resistance level then 
25K is imminent. But with the recent move on BTC, I assume that it may reject further toward $21.5k and then bounce back or eventually a breakout above $23k. If not then $20.4k-$19k is possible. With the RSI making a bearish move if BTC happens to show some correction then I believe that it will be important for the market and we will soon see a good rally coming in after this correction.
If BTC ignores the correction and breaks above the23K resistance then the rejections will be invalidated and BTC will face the ultimate resistance level of $25k. Let us see what tomorrow will bring.
Until then don't get rekt.
Thanks for reading. Trade safely.
It's the 5th day and BTC just couldn't break the
23K resistance level. If BTC breaks this resistance level then 25K is imminent. But with the recent move on BTC, I assume that it may reject further toward $21.5k and then bounce back or eventually a breakout above $23k. If not then $20.4k-$19k is possible. With the RSI making a bearish move if BTC happens to show some correction then I believe that it will be important for the market and we will soon see a good rally coming in after this correction. If BTC ignores the correction and breaks above the
23K resistance then the rejections will be invalidated and BTC will face the ultimate resistance level of $25k. Let us see what tomorrow will bring.Until then don't get rekt.
Thanks for reading. Trade safely.
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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.