BITCOIN: A CLOSE CALL.

٤ ديسمبر ٢٠٢٢

Hello traders. BTC has been hovering around 17k for the last 3 days. Things look quite steep as BTC is somehow trying to push upward but is unable to break out. If BTC manages to break above the resistance, it will still need to break above the 17.6k resistance and that will be a bigger challenge for BTC. A rejection, on the other hand, will be nerve-breaking because it could either reject up to 16.5k or even worse 15.5k.

As we are a few hours away from the weekly close, all eyes are on the 17.1k resistance level. Let us see whether we will see a breakout or a breakdown.

Thank you for reading.

Trade safely.