Bitcoin Update
As we've said yesterday, Bitcoin reversed and failed to break support.
Now we are seeing a break of the 53K level and a continuation to the upside. Still, we are waiting for a break above $54,800 and $57,800 with two 4H candle closes above them to confirm the continuation to the upside and a formation of a new ATH.
However, if we don't break resistance, then we'll see BTC going back down to the $52,000 and $50,400 support levels.
As we've said yesterday, Bitcoin reversed and failed to break support.
Now we are seeing a break of the 53K level and a continuation to the upside. Still, we are waiting for a break above $54,800 and $57,800 with two 4H candle closes above them to confirm the continuation to the upside and a formation of a new ATH.
However, if we don't break resistance, then we'll see BTC going back down to the $52,000 and $50,400 support levels.