Weak support into heavy resistance. Failed draw down.
BTC had the chance to test old ATH but took our weak support and turned it into heavy resistance. This was triggered with a failed draw down.
To get to the upside we have two obstacles. 1. Needs to break first line and 2. needs to pivot. Highly unlikely!
The most probable outcome is that we come to test 35k again and consolidate into a new bull trend.
To get to the upside we have two obstacles. 1. Needs to break first line and 2. needs to pivot. Highly unlikely!
The most probable outcome is that we come to test 35k again and consolidate into a new bull trend.