#BTC/USD Update +
📊 4h-Frame 📉 S & R 📈 Chart Update
✅ Successful analyses in both down and up movements.
#Bitcoin couldn't close the weekly candle above the 43000$ level, went down more, and touched the important 40000$ support as we expected in the previous analyses (Red Arrow).
Currently, it started a new upside pullback (expected in the last analysis) by breaking the short-term descending channel and closed a nice daily candle above the 43000$.
We can keep going up from the current area by holding the price (or maybe after a small correction) toward the most important 46000$ level. We have many resistances to test there!
The price action to the 46000$ area will define the real long-term condition of Bitcoin.
Starting a new uptrend toward 50000$ or more fall toward 35000$~30000$ will be decided next few days...
📊 4h-Frame 📉 S & R 📈 Chart Update
✅ Successful analyses in both down and up movements.
#Bitcoin couldn't close the weekly candle above the 43000$ level, went down more, and touched the important 40000$ support as we expected in the previous analyses (Red Arrow).
Currently, it started a new upside pullback (expected in the last analysis) by breaking the short-term descending channel and closed a nice daily candle above the 43000$.
We can keep going up from the current area by holding the price (or maybe after a small correction) toward the most important 46000$ level. We have many resistances to test there!
The price action to the 46000$ area will define the real long-term condition of Bitcoin.
Starting a new uptrend toward 50000$ or more fall toward 35000$~30000$ will be decided next few days...