we can hope to break through $38500?

Updated

if we succeed in breaking through the resistance zone, we can expect to reach $40000 and then $42000

Bitcoin is trying to break the 38500 zone, but today we reached 38600. If we keep this zone, I think we will see 39000 next week.

Ribbon also still shows a bullish signal.

Note

Monday came, and as we can see, we crossed the 39500 resistance
and I didn't expect to reach 41000 so fast , Well, now we are approaching another strong resistance zone, which is 42000.
If I manage to overcome it, I will inform you with new information and what we can expect next. At the moment, we have weak support at 39500 and 38500.
And strong support is 31000-33000

Note

BTC HIT 42000$

Note

As I mentioned, we have strong resistance at 42000. But we still in bullish, now there is a correction, I can't say much while the correction is going on, but now we need to hope that after the correction we will remain bullish.
Because there are only two variants at the moment, after the correction we will have to check our support, so we need to be able to see 38500 support.

or another option is that we will see bullish further and reach resistance 44000.

Note

Ribbon indicator shows that we will see such a drop, so I see that we can start testing $42000 support

Note

as I mentioned that we will see a drop to 42000 , At the moment, the most important thing for us is to maintain this support zone.
If we keep this zone, our next resistance is 50500
The fall occurred due to the fact that signifying an overheated leveraged market.
if we do not maintain this zone, we can see a fall to a stronger support which would be 40000-38000.

MantasJogminas

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