After the aggressive pullback on may 3rd and 4th, Bitcoin bounced off the ascending support level at 53k and now closed above the descending resistance level that it rejected around 3 times.
Again, we are still looking at 59k as the major resistance level, a break and a close above it should give us continuation to the upside and back to ATH.
Resistance levels : 59k, 60k (psychological level), 62k and finally the ATH at 64k.
Support : 55.5k, 53k
Any questions?
Good luck traders,
Remember not to break your rules
Habib
Again, we are still looking at 59k as the major resistance level, a break and a close above it should give us continuation to the upside and back to ATH.
Resistance levels : 59k, 60k (psychological level), 62k and finally the ATH at 64k.
Support : 55.5k, 53k
Any questions?
Good luck traders,
Remember not to break your rules
Habib