BTC has been unable to break out above the 52 000 dollar area and establish it as support. This is a sign of weakness for for BTC and has technically made a lower high on a higher time frame.
I think we can start looking at BTC being in either a downtrend or to start ranging but I don't think we will see another ATH soon.
BTC is currently ranging between this support and resistance shown and we can expect a bounce of the support level around the 44 000 dollar area. If this support break we will look at entering a trade.
I think we can start looking at BTC being in either a downtrend or to start ranging but I don't think we will see another ATH soon.
BTC is currently ranging between this support and resistance shown and we can expect a bounce of the support level around the 44 000 dollar area. If this support break we will look at entering a trade.