BTC is still following the Wyckoff pattern. Today, the price managed to break the trend line downwards, signaling the start of a potential new bull run.
We expect resistance between 47500-49000 for the next 4-8 hours before a potential breakout to 53-55k. If bulls fail, then a potential drop to 42k region is to be expected
We expect resistance between 47500-49000 for the next 4-8 hours before a potential breakout to 53-55k. If bulls fail, then a potential drop to 42k region is to be expected
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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.