If you were like me, you got a little dose of hopium after BTC closed above last week's resistance around $105k.
Nonetheless, resistance was expected from $105k - $108k with price starting the week with a bearish engulfing candle, currently trading around $103.1k.
We will have to see if last week's support around $101.5k holds.
If the price continues with bullish momentum and does something like the period from 22 Apr - 6 May, a successful bull flag breakout could take BTC to $115k.
If support is lost, we could see retests of previous levels as low as $94.5k. However, my guess would be a test of $97.5k before going higher, creating a HHHL market structure.
Nonetheless, resistance was expected from $105k - $108k with price starting the week with a bearish engulfing candle, currently trading around $103.1k.
We will have to see if last week's support around $101.5k holds.
If the price continues with bullish momentum and does something like the period from 22 Apr - 6 May, a successful bull flag breakout could take BTC to $115k.
If support is lost, we could see retests of previous levels as low as $94.5k. However, my guess would be a test of $97.5k before going higher, creating a HHHL market structure.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.