Base on Daily time frame, Bitcoin failure to close above key Resistance level 9222 on daily TF may mean a entrancement.
If it successfully closes above key resistance level 9222, then we may see 9500-9600 .
I got to open long position on this yet, as I m observing to see if btc closes above this key R level.
This could mean a rally to and beyond 9500 other wise, we retest 9140 level.
I think btc halving might be a good aid for the rally
Before now, chart were done on Mon 4th May to understand the market direction. See charts below
Cheers
If it successfully closes above key resistance level 9222, then we may see 9500-9600 .
I got to open long position on this yet, as I m observing to see if btc closes above this key R level.
This could mean a rally to and beyond 9500 other wise, we retest 9140 level.
I think btc halving might be a good aid for the rally
Before now, chart were done on Mon 4th May to understand the market direction. See charts below
Cheers