BTC Possible Move
Bitcoin is now playing at the 287xx Support and 322xx Resistance trading range.
This 287xx has been a support level from May 10, 2022 to June 9, 2022. A long period before another downside movement.
287xx was a support and now a resistance level.
Long term view
2 Scenarios are possible for me.
A.) We might have a sideways market for some days and If it breaks the 322xx resistance, we can see a possible bullish move up to the Daily Supply Area.
B.) If it breaks the 287xx support now resistance, we might see a downside movement.
4hr Timeframe
The price now plays at 304xx resistance and 297xx support.
This 287xx has been a support level from May 10, 2022 to June 9, 2022. A long period before another downside movement.
287xx was a support and now a resistance level.
Long term view
2 Scenarios are possible for me.
A.) We might have a sideways market for some days and If it breaks the 322xx resistance, we can see a possible bullish move up to the Daily Supply Area.
B.) If it breaks the 287xx support now resistance, we might see a downside movement.
4hr Timeframe
The price now plays at 304xx resistance and 297xx support.
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.