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Welcome to this short and simple BTC update. BTC did exceptionally well today. I personally expect a retracement from the $53k level but it didn't happen because someone market bought $1.6M worth of BTC. So what's the scenario now?
Let's get to the chart. BTC breaks the $53k resistance and currently trading at around $54,800. If we manage to hold the $53k resistance by the daily close then it is highly likely that we will soon see a new ATH of BTC. So keep a close eye on the daily close of BTC.
If we somehow break down the $53k resistance then we may retest the $49k and a quick bounce is expected from there. So be ready for every scenario.
If you like this idea then do support with your likes and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank you!
Welcome to this short and simple BTC update. BTC did exceptionally well today. I personally expect a retracement from the $53k level but it didn't happen because someone market bought $1.6M worth of BTC. So what's the scenario now?
Let's get to the chart. BTC breaks the $53k resistance and currently trading at around $54,800. If we manage to hold the $53k resistance by the daily close then it is highly likely that we will soon see a new ATH of BTC. So keep a close eye on the daily close of BTC.
If we somehow break down the $53k resistance then we may retest the $49k and a quick bounce is expected from there. So be ready for every scenario.
If you like this idea then do support with your likes and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank you!
BTC following my path exactly. This is a healthy correction and we needed it. After this correction as soon as BTC stables Alts pump hard. So grab some Alts as low as you can.
BTC should bounce from the $53k level or if we were not able to hold the $53k level then our next strong support is $49-$50k.
If there is any change in the plan I'll update you.
Thank you!