@VIP Members
**BTC Current Demand Zone**
Demand Zone Indicated. BTC has been bouncing off of this zone around mid $45k 3x now.
BUT BTC has also been making lower highs
**What does this mean?**
- This means that the market is showing a lot of weakness, yes But the demand is also there. The market currently has a neutral behavior that is a little bit biased to the downside.
- Decision point very soon (Expect bigger volatility)
--> Failing to hold this demand zone would result to low $40k level
--> If we breakout above this pennant formation, $51-52k would be next resistance level and there is a high chance to re-test $53k again
**BTC Current Demand Zone**
Demand Zone Indicated. BTC has been bouncing off of this zone around mid $45k 3x now.
BUT BTC has also been making lower highs
**What does this mean?**
- This means that the market is showing a lot of weakness, yes But the demand is also there. The market currently has a neutral behavior that is a little bit biased to the downside.
- Decision point very soon (Expect bigger volatility)
--> Failing to hold this demand zone would result to low $40k level
--> If we breakout above this pennant formation, $51-52k would be next resistance level and there is a high chance to re-test $53k again