BTC outlook for 6 April 2022.
BTC trading within this wedge and has a strong support around the 45k level. Here's what I want to see next from BTC:
1) Current daily bar to close back within the wedge having made a rejection from the 44k level. If this happens then it is clear that the support level around 45k is very strong and that BTC is likely to continue bullish.
2) After closing back within the wedge I would like to see bullish continuation and a break out above the wedge.
BTC has a very choppy range to fill from 45k to 50k looking to the left, but as long as my support holds I expect BTC to close it.
1) Current daily bar to close back within the wedge having made a rejection from the 44k level. If this happens then it is clear that the support level around 45k is very strong and that BTC is likely to continue bullish.
2) After closing back within the wedge I would like to see bullish continuation and a break out above the wedge.
BTC has a very choppy range to fill from 45k to 50k looking to the left, but as long as my support holds I expect BTC to close it.
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.