Bitcoin facing some minor setbacks having a hard rejection off the 61600 price area pushing price to the downside. Price is approaching nice Demand zones to collect more orders to rally to 65k. I see price going as low as 57000 areas before we see price rallying back to the upside.
I will be looking for long positions once I see price reject my demand zones and POC area. Also with the stimulus cheques being released soon we could see a lot of retail traders and more smart money jumping in and buying the DIP.
Let me know what you think.
I will be looking for long positions once I see price reject my demand zones and POC area. Also with the stimulus cheques being released soon we could see a lot of retail traders and more smart money jumping in and buying the DIP.
Let me know what you think.