Good morning Traders!
So BTC finally broke out of the 4+ month range, although it was to the downside, catching many by surprise.
Measuring the size of the range, we can predict a fall at least to the 27k-28k price area, which aligns with two very important and strong historical supports:
- it's where the S1 weekly pivot is sitting and the 200 wma as well.
As always, trade accordingly.
So BTC finally broke out of the 4+ month range, although it was to the downside, catching many by surprise.
Measuring the size of the range, we can predict a fall at least to the 27k-28k price area, which aligns with two very important and strong historical supports:
- it's where the S1 weekly pivot is sitting and the 200 wma as well.
As always, trade accordingly.
