BTC BREAKS ABOVE $38K! WHAT'S NEXT?
Updated
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Welcome to this BTC/USDT update. Yesterday after some good news from Russia and Ukraine war situation BTC pumps amazingly and we have seen a god candle. After that news, BTC touched almost 40k
So what's next? Right now BTC has some serious resistance zone between 38.5k-40.5k level. So now, I'm expecting two scenarios here.
The first scenario is if BTC does not break this resistance zone and is rejected from there then we again see a dump in the market and all these pumps become failure.
The second scenario is if BTC successfully breaks and holds above the 38.5k-40.5k resistance zone then we see a good pump in BTC all the way to 45k
As of now, I'm not taking any positions yet. Holding my BTC and some fiat to buy at 30k(if it comes).
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC/USDT update. Yesterday after some good news from Russia and Ukraine war situation BTC pumps amazingly and we have seen a god candle. After that news, BTC touched almost 40k
So what's next? Right now BTC has some serious resistance zone between 38.5k-40.5k level. So now, I'm expecting two scenarios here.
The first scenario is if BTC does not break this resistance zone and is rejected from there then we again see a dump in the market and all these pumps become failure.
The second scenario is if BTC successfully breaks and holds above the 38.5k-40.5k resistance zone then we see a good pump in BTC all the way to 45k
As of now, I'm not taking any positions yet. Holding my BTC and some fiat to buy at 30k(if it comes).
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Note
BTC is breaking out and ready to test 45k once again. All we need is to break and hold above 40.5k
Note
BTC is strongly rejecting from the 40.5k resistance. We have to break above this resistance cluster anyhow to make a further bullish movement. Currently, it's trading above 100 ma which is a good sign so far. But still stay cautious with your trades until we break and close above 40.5k resistance.
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