Bull Run Still in Play
In my last post, I predicted BTC would find support around 42k within this ascending support/resistance range before going long again.
You can see this playing out to the T, and I believe BTC will reach 50k - 52k this coming week. With this playing out, we can expect a slight pull back to 48k before breaking past the ascending resistance line.
Keep in mind BTC has only ever dropped below this ascending support/resistance range one time (when the pandemic began).
All of my predictions have played out so far, we’ll see if that holds true with this as well. Let me know what you think!
You can see this playing out to the T, and I believe BTC will reach 50k - 52k this coming week. With this playing out, we can expect a slight pull back to 48k before breaking past the ascending resistance line.
Keep in mind BTC has only ever dropped below this ascending support/resistance range one time (when the pandemic began).
All of my predictions have played out so far, we’ll see if that holds true with this as well. Let me know what you think!
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.