My take on BTCUSD
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My analysis of BTCUSD is simple and straightforward. We should watch and see if it's going to break above 14.5k or the bears will jump in at the longer-term resistance line. Bitcoin is more likely going to drop to the 13.6k support on the 4HR chart if 14.5k is not broken. If that happens, we might see a further drop to 12k.
However, closing daily candles above 14.5k is a sign that Bitcoin will head back to 16k and 17k eventually.
I'm more bearish, but the news and the USA elections may not respect technical analysis.
However, closing daily candles above 14.5k is a sign that Bitcoin will head back to 16k and 17k eventually.
I'm more bearish, but the news and the USA elections may not respect technical analysis.
Nota
14600 is broken and waiting for the 4hr candle to close. Above 14500 means the bulls are not exiting yet and we might see 16k soonNota
looking at the Daily candle as well
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