BTC show's it's Bullish side once again.
Important resitance levels were broken earlier today and now 7.4k has become the new retest area. Once retested, we'll drop down to the neckline at 7.1k area and from here we can expect two main possibilites.
1: BTC price breaks through the neckline and we continues within a 7.1k - 6.7k area with pherhaps a more bearish longterm scenario.
2: The 7.1k neckline show's it's strength to which would give BTC enough upside momentum to make it's way up to the 8k.
3 (additional but unlikely) BTC re-retests 7.1k and drops down to 6.7k.
BTCUSD
Disclaimer: I am no expert whatsoever. Just a dedicated beginner in the process of learning.
1: BTC price breaks through the neckline and we continues within a 7.1k - 6.7k area with pherhaps a more bearish longterm scenario.
2: The 7.1k neckline show's it's strength to which would give BTC enough upside momentum to make it's way up to the 8k.
3 (additional but unlikely) BTC re-retests 7.1k and drops down to 6.7k.
BTCUSDDisclaimer: I am no expert whatsoever. Just a dedicated beginner in the process of learning.
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