BTC did great breaking all the way to 66k,
however 66k is a super resistance and I was not expecting BTC to break it out of it, As the result of that (price action wise) now BTC has to test immediate supports which are at around 62-64k there is a very strong chance that it will hold due to BTC bullishness (or the desire to be bullish)
Not holding 62k then a retest to the 54-56k will be imminent.
If there is no buying pressure there then it will just keep going down until it finds buying pressure, next target after that is 49-51k and if there is still not buying pressure there then 43k will be the selling climax, I am sure.
But nothing to worry for now, BTC its looking really strong and holding above 62k will invigorate the bulls for sure.
For now I am saving my Stable coins so I can buy a bit more when BTC turns around.
however 66k is a super resistance and I was not expecting BTC to break it out of it, As the result of that (price action wise) now BTC has to test immediate supports which are at around 62-64k there is a very strong chance that it will hold due to BTC bullishness (or the desire to be bullish)
Not holding 62k then a retest to the 54-56k will be imminent.
If there is no buying pressure there then it will just keep going down until it finds buying pressure, next target after that is 49-51k and if there is still not buying pressure there then 43k will be the selling climax, I am sure.
But nothing to worry for now, BTC its looking really strong and holding above 62k will invigorate the bulls for sure.
For now I am saving my Stable coins so I can buy a bit more when BTC turns around.
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.
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.