BTC UPDATE
BTC exactly followed the last update, it consolidated for sometime and then a drop till 59.5k and then bounced back.
Now for further price action there are two possibilities:
1. Test and reject the near resistance which is 63.5k-63.3k zone and then fall back towards 62.2k-61.9k before making a new leg upside, which is possible as its still travelling in the ichimoku cloud.
2.Breaks the near term resistance which is 63.5k-63.3k zone and rises towards
65K marks.
In either case the macro view is bullish for BTC.
we can still see some retracements in short term.
Now for further price action there are two possibilities:
1. Test and reject the near resistance which is 63.5k-63.3k zone and then fall back towards 62.2k-61.9k before making a new leg upside, which is possible as its still travelling in the ichimoku cloud.
2.Breaks the near term resistance which is 63.5k-63.3k zone and rises towards
65K marks.In either case the macro view is bullish for BTC.
we can still see some retracements in short term.
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