by the time this post was published we can potentially see several scenarios:
1. Passes the ATH and does some retest around 67-70K and then moves towards new ATH
2. BTC reaches the ATH resistance and bounces towards the 52-54K support line, supported by the (MACD levels on 1H and 4H charts) and then bounces up towards the new ATH
3. If BTC reaches the support line, there’s a chance that won’t be able to bounce back and falls into the major support line, and then climbs up
4. Following the 3rd scenario, we could potentially see a “ascending triangle” pattern before taking off to new ATH.
Hope u like this analysis, be sure to leave your opinion below.
1. Passes the ATH and does some retest around 67-70K and then moves towards new ATH
2. BTC reaches the ATH resistance and bounces towards the 52-54K support line, supported by the (MACD levels on 1H and 4H charts) and then bounces up towards the new ATH
3. If BTC reaches the support line, there’s a chance that won’t be able to bounce back and falls into the major support line, and then climbs up
4. Following the 3rd scenario, we could potentially see a “ascending triangle” pattern before taking off to new ATH.
Hope u like this analysis, be sure to leave your opinion below.