BTC outlook for 22 April 2022.
BTC just ranging at the moment between 42k as resistance and 39k as support. I would like to see BTC close above the resistance zone of 42k before confirming further bullish momentum as this level has had multiple fake outs occur in the past. Looking at the weekly and the big top wick rejection BTC gas made, I do expect further bearish pressure for the rest of the week and we may see BTC fall down towards the next support around 37k.
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.