Bitcoin - Upcoming rejection from the 2021 Yearly POC?
(The Volume Profiles Yearly POC is an important level for Bitcoin trading that you should look into.)
Bitcoin made a nice upwards move after successfully retesting the Yearly POC from 2022.
Our indicators are not heavily overbought yet so there's still room for some more upwards price action.
If Bitcoin manages to take out the high at 32.5k this would trigger a lot of stop losses, which is why I think there's a high probability that we're going to see BTC take out this level.
After this high a possible price point where Bitcoin then might get rejected is the 2021 Yearly POC.
Make sure to do your own research, this is no trading advice.
Forecasts and forward-looking statements always involve risks and uncertainties.
Bitcoin made a nice upwards move after successfully retesting the Yearly POC from 2022.
Our indicators are not heavily overbought yet so there's still room for some more upwards price action.
If Bitcoin manages to take out the high at 32.5k this would trigger a lot of stop losses, which is why I think there's a high probability that we're going to see BTC take out this level.
After this high a possible price point where Bitcoin then might get rejected is the 2021 Yearly POC.
Make sure to do your own research, this is no trading advice.
Forecasts and forward-looking statements always involve risks and uncertainties.
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