After the aggressive pullback on may 3rd and 4th, Bitcoin bounced off the ascending support level at 53k and now closed above the descending resistance level that it rejected around 3 times.
Again, we are still looking at 59k as the major resistance level, a break and a close above it should give us continuation to the upside and back to ATH.
Resistance levels : 59k, 60k (psychological level), 62k and finally the ATH at 64k.
Support : 55.5k, 53k
Any questions?
Good luck traders,
Remember not to break your rules
Habib
Again, we are still looking at 59k as the major resistance level, a break and a close above it should give us continuation to the upside and back to ATH.
Resistance levels : 59k, 60k (psychological level), 62k and finally the ATH at 64k.
Support : 55.5k, 53k
Any questions?
Good luck traders,
Remember not to break your rules
Habib
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.
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.