And it broke $5300!
Finally BTC/USD has made the breakout of the resistance at $5300 and therefore confirms its new uptrend. This means more signals of a potential bullish market for BTC and the crypto market.
So now what? The awaited breakout of the resistance has taken place, in order to confirm that the market can continue being bullish in the short/medium term, the price has to perform a pull-back to the now support at $5300 with very low volume.
If this retracement with low volume takes places, the price will find a zone with high past volume, which will likely make the price rebound and go back to its new resitance at $5500.
Conclusion: Waiting for pull-back with low volume to $5300.
The Copilot
So now what? The awaited breakout of the resistance has taken place, in order to confirm that the market can continue being bullish in the short/medium term, the price has to perform a pull-back to the now support at $5300 with very low volume.
If this retracement with low volume takes places, the price will find a zone with high past volume, which will likely make the price rebound and go back to its new resitance at $5500.
Conclusion: Waiting for pull-back with low volume to $5300.
The Copilot
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