BTC/USD - Approaching first resistance, how will price react?

2021年2月3日

BTC is quickly approaching its first real test before ATH at 38k.

I don't see any reason for us to have any problems going to 38k, however the last three times when we touched this level we were pushed back quite hard.

So watch this level closely because it will set the tone for the next steps. If we pass it, then ATH is in danger and we can push much higher, similar to ETH's price action that just did a new ATH and moved higher.

Indicators are also bullish on 4h and daily, therefore my bias remains bullish and we have a good chance this time to push above 38k. Particularly MACD just crossed on the positive side on daily, hence, we may get a nice rally in the next few weeks.

Seem like February is set to give us a new All Time High! :)

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