BTC: A RALLY HIGHER OR A FALL BACK TO $37K???
Welcome members to this update on BTC.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
After a 10% drop, BTC is trying to rally higher. It looks like BTC will rally higher but before getting to any conclusion we better watch out.
The current price is $41.2k where 21 MA is holding the price. If BTC manages to cross this level then $42.5k & $44.6k will be the possible resistance level. If BTC gets rejected from here then $37.7k will be the possible support level.
Things could head in any direction so be careful and keep an eye on the current market price.
What do you think bout the BTC price? Do you think a rally is in or a drop is still valid?
Share your views.
Thank you.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
After a 10% drop, BTC is trying to rally higher. It looks like BTC will rally higher but before getting to any conclusion we better watch out.
The current price is $41.2k where 21 MA is holding the price. If BTC manages to cross this level then $42.5k & $44.6k will be the possible resistance level. If BTC gets rejected from here then $37.7k will be the possible support level.
Things could head in any direction so be careful and keep an eye on the current market price.
What do you think bout the BTC price? Do you think a rally is in or a drop is still valid?
Share your views.
Thank you.
Got rejected exactly from the 21 MA.