Bitcoin has broke a resistance from the dump we was in back from past few days. BTC bulls has managed to push the hourly candles close to above the last close from yesterday!
This is a bullish sign short term, the rate of Bitcoin (BTC) has risen by +2% over the last 24 hours.
Key Levels:
-Resistance broken at= "£53K" as show from charts
-Support created at "£51K" with mutiplie bounceback's, therefore showing strong buy pressure from investors.
-New Resistance to restest at= "£55.6K" area mark.
On the bigger time frame, it's too early to say if the dips is over before the halving. Pay close attention to these key levels provided. However, on smaller timeframe intervals, BTC shows a recovery from a possible fakeout recently.
A retest to £55K zone is possible to expect in the new few days if price continues to hold above the recent resistance level broken. Consolidation is more likely between the prices of: "£51K - £55.6K".
This is a bullish sign short term, the rate of Bitcoin (BTC) has risen by +2% over the last 24 hours.
Key Levels:
-Resistance broken at= "£53K" as show from charts
-Support created at "£51K" with mutiplie bounceback's, therefore showing strong buy pressure from investors.
-New Resistance to restest at= "£55.6K" area mark.
On the bigger time frame, it's too early to say if the dips is over before the halving. Pay close attention to these key levels provided. However, on smaller timeframe intervals, BTC shows a recovery from a possible fakeout recently.
A retest to £55K zone is possible to expect in the new few days if price continues to hold above the recent resistance level broken. Consolidation is more likely between the prices of: "£51K - £55.6K".