BTC analysis for 2 April 2022.
Good start to the new month for BTC making a fake out on my short term trend line before making a nice bullish push. Here is what I am looking out for next:
1) A retest on my short term trend line before continuing bullish towards the next major resistance level around 48k.
2) A wick fill on the 4h and move upwards towards the 47,2k level before continuing the momentum back towards 48k.
One has to wonder if this recent retest was substantial enough for BTC to still continue upwards towards ATH, or will we see a big dump in price in the near future.
1) A retest on my short term trend line before continuing bullish towards the next major resistance level around 48k.
2) A wick fill on the 4h and move upwards towards the 47,2k level before continuing the momentum back towards 48k.
One has to wonder if this recent retest was substantial enough for BTC to still continue upwards towards ATH, or will we see a big dump in price in the near future.
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