[Updated Chart] $BTC squeeze to $32k-34k? Then $39k-$42k?
I've been long since June, but now after consolidation and retesting support, $BTC seems like it's finally poised for further upside. I think the people waiting for $17k in the near term are about to be left behind.
Bullish volume has been on the rise over the last week and I think we're about to see a surge higher.
The first support that needs to break is $22.5k, but if that's able to happen, I think we'll see a massive squeeze.
I think the first big resistance we'll need to take out is $32k-34k, then if we're able to do that, I think we'll see $39k-$42k. If we make it up that high, that's where I'm selling because I only see this move as a bear market rally and not further continuation.
After hitting those targets, I think the bear market will continue and that'll setup the move lower to $10k or lower.
Will send further updates if this plays out.
Bullish volume has been on the rise over the last week and I think we're about to see a surge higher.
The first support that needs to break is $22.5k, but if that's able to happen, I think we'll see a massive squeeze.
I think the first big resistance we'll need to take out is $32k-34k, then if we're able to do that, I think we'll see $39k-$42k. If we make it up that high, that's where I'm selling because I only see this move as a bear market rally and not further continuation.
After hitting those targets, I think the bear market will continue and that'll setup the move lower to $10k or lower.
Will send further updates if this plays out.
Will update as price action plays out. If we go down, I'd be looking for a drop somewhere in the mid $16k range. Around $16.1-16.8.