Bitcoin may be make it local top here, Little Correction soon!!
Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support.
At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40 .6k(Daily Resistance), Next Would be 46-48k Resistance Area .
Let’s be honest, after such a huge upswing (+40%)
BTC needs at least a small correction as well as RSI did not retested it breakout downtrend, so RSI is also
need to be retest it breakout trendline.
Yesterday we faced the major resistance at $40,500 and couldn’t break it. Today we also got rejected there. This can be the short-term top!
I don’t expect the upcoming correction to go below 35K
The bearish picture invalidates if we do break above
41K
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
Welcome to this quick update everyone,
In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support.
At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40 .6k(Daily Resistance), Next Would be 46-48k Resistance Area .
Let’s be honest, after such a huge upswing (+40%)
BTC needs at least a small correction as well as RSI did not retested it breakout downtrend, so RSI is also need to be retest it breakout trendline.
Yesterday we faced the major resistance at $40,500 and couldn’t break it. Today we also got rejected there. This can be the short-term top!
I don’t expect the upcoming correction to go below 35K
The bearish picture invalidates if we do break above
41K🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
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