Welcome to this quick 4 hours update.
BTC is currently testing the resistance of $38k. The daily close was at $38k which is not enough to push the price. BTC needs more volume to break this resistance level. Once BTC manages to break above this resistance level then we can expect the price to rally towards $40k. Until then, things are uncertain.
Do not forget that we are on the weekend and the weekly close above $40k is needed for a higher rally. If not then we may see another dump coming in soon.
Do let me know what you think about the BTC price action in the comment section. I will love to know your opinion.
Trade safe.
BTC is currently testing the resistance of $38k. The daily close was at $38k which is not enough to push the price. BTC needs more volume to break this resistance level. Once BTC manages to break above this resistance level then we can expect the price to rally towards $40k. Until then, things are uncertain.
Do not forget that we are on the weekend and the weekly close above $40k is needed for a higher rally. If not then we may see another dump coming in soon.
Do let me know what you think about the BTC price action in the comment section. I will love to know your opinion.
Trade safe.
