⚠️Bitcoin Mid term Update 1D
Bitcoin is preparing to rested 22.8k as i mentioned in the previous post.
Yesterday BTC restested 21.6k that was a STRONG RESISTANCE in the past 2 months which now is acting like STRONG SUPPORT. And BTC successfully retested, but failed to break below this price.
Now i expect BTC to retest 22.8k. If breaking 22.8k resistance i am expecting BTC to bounce to 24.5k. And 27k, only if daily closing above 25.3k
⚠️ 27k is the final price target of this relief rally for BTC
Now...now is getting even more interesting...
S&P just retested the important support (and passed the retest) level which broke early in january 2023
We se a Bullish Div at S&P chart 1D which is very bullush for crypto.
RSI is 39% which is good sign.
As well as BTC chart we clearly see Bullish Div
We need to see S&P which is the leading indicator for BTC.
⚠️Trading is about propabilities, not certainties.
⚠️Not a financial advice.
❤️Always trade with cautious.
Yesterday BTC restested 21.6k that was a STRONG RESISTANCE in the past 2 months which now is acting like STRONG SUPPORT. And BTC successfully retested, but failed to break below this price.
Now i expect BTC to retest 22.8k. If breaking 22.8k resistance i am expecting BTC to bounce to 24.5k. And 27k, only if daily closing above 25.3k
⚠️ 27k is the final price target of this relief rally for BTC
Now...now is getting even more interesting...
S&P just retested the important support (and passed the retest) level which broke early in january 2023
We se a Bullish Div at S&P chart 1D which is very bullush for crypto.
RSI is 39% which is good sign.
As well as BTC chart we clearly see Bullish Div
We need to see S&P which is the leading indicator for BTC.
⚠️Trading is about propabilities, not certainties.
⚠️Not a financial advice.
❤️Always trade with cautious.
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