BTC has done nothing over the last week except go sideways.
Bitcoin Is still in a Weekly and Daily sell Range between $28800 and $41322. We have a created a Lower high the week before. We need a weekly break above $41322 to change trend to the upside on the higher Weekly time frame. Bitcoin still has a lot of work to do to remain bullish , we are still bearish at the minute. There is a lot of liquidity under $28k. I would like to see $28k get swiped correctly before pushing up to new highs. If we can do this, we could see $100k end of year. At the moment we are getting a nice squeeze of liquidity. We should see a push up or down in the coming weeks. We still have the weekly gap slip to be filled above which could see price action hit $48k . I believe this price action will gravitate towards this soon.
Long term traders keep buying on the big pullbacks and Hold
Short term traders – I believe we could see $48k region Definitely get hit, if $28k can hold. We are still in a combo sell range and in a downtrend on the higher time frames, until we get a weekly close above $41322. Be mindful at the back of the Sell ranges.
Trade safe and stay consistent.
Bitcoin Is still in a Weekly and Daily sell Range between $28800 and $41322. We have a created a Lower high the week before. We need a weekly break above $41322 to change trend to the upside on the higher Weekly time frame. Bitcoin still has a lot of work to do to remain bullish , we are still bearish at the minute. There is a lot of liquidity under $28k. I would like to see $28k get swiped correctly before pushing up to new highs. If we can do this, we could see $100k end of year. At the moment we are getting a nice squeeze of liquidity. We should see a push up or down in the coming weeks. We still have the weekly gap slip to be filled above which could see price action hit $48k . I believe this price action will gravitate towards this soon.
Long term traders keep buying on the big pullbacks and Hold
Short term traders – I believe we could see $48k region Definitely get hit, if $28k can hold. We are still in a combo sell range and in a downtrend on the higher time frames, until we get a weekly close above $41322. Be mindful at the back of the Sell ranges.
Trade safe and stay consistent.
