BTC: NEXT POSSIBLE MOVE FROM HERE!!
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BTC is currently trading around 63k level. When BTC is trading around the 57k level, I told you that it would hit the 62k-63k level soon(see chart below) and it going exactly. Hope you guys followed and earned some money.
Now, what's the possible move of BTC from here?
As you see in the chart, we have a strong resistance at the 63k-64.5k level and there is a high chance of rejection from this zone. BTC is forming a descending channel-like structure and break out is done. After rejecting the resistance, it might go for a retest of this channel where we strongly support
59K-60k level lies.
So overall I'm bullish only expecting a healthy correction from here that's why I'm trading cautiously until we hit the59K-60k level and bounce from there.
Let's see how things will play out in the next few hours. Will keep updating you.
What are your thoughts on BTC's current price action? Share your analysis in the comments below!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
BTC is currently trading around 63k level. When BTC is trading around the 57k level, I told you that it would hit the 62k-63k level soon(see chart below) and it going exactly. Hope you guys followed and earned some money.
Now, what's the possible move of BTC from here?
As you see in the chart, we have a strong resistance at the 63k-64.5k level and there is a high chance of rejection from this zone. BTC is forming a descending channel-like structure and break out is done. After rejecting the resistance, it might go for a retest of this channel where we strongly support
59K-60k level lies. So overall I'm bullish only expecting a healthy correction from here that's why I'm trading cautiously until we hit the
59K-60k level and bounce from there. Let's see how things will play out in the next few hours. Will keep updating you.
What are your thoughts on BTC's current price action? Share your analysis in the comments below!
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