BTC - Technical Update
Since our last update, Bitcoin has moved under the most recent range of lows where it currently trades. We are now at a point where we wait to see who’s in charge, will it be the bulls or bears?
Bullish Scenario
Having now moved outside the current range, seeing buyers step in to bring the price back above $66,000 USD would reclaim this range.
Bearish Scenario
If Bitcoin does not move higher and reclaim this current range low, it could move further towards the March lows.
Bullish Scenario
Having now moved outside the current range, seeing buyers step in to bring the price back above $66,000 USD would reclaim this range.
Bearish Scenario
If Bitcoin does not move higher and reclaim this current range low, it could move further towards the March lows.
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