BTC continues to consolidate at low 63k while waiting for the M close.
Bulls are defending the last month's low (60K).
Even though price bounces off the 60k and the 3D21ema, the macds on the 3D and 2D continue to trend downward. This is a sign that the correction is still ongoing.
Will also keep an eye on the D macd for early warning of the end of the correction.
The 60k zone remain as primary support.
The W21e is trending higher and is now at ~56k, will represent a support if prices temporarily break the 60k level
The next MAJOR Targets ONCE $80k is taken out are:
$98,000-107,000
$137,000-150,000
Bulls are defending the last month's low (60K).
Even though price bounces off the 60k and the 3D21ema, the macds on the 3D and 2D continue to trend downward. This is a sign that the correction is still ongoing.
Will also keep an eye on the D macd for early warning of the end of the correction.
The 60k zone remain as primary support.
The W21e is trending higher and is now at ~56k, will represent a support if prices temporarily break the 60k level
The next MAJOR Targets ONCE $80k is taken out are:
$98,000-107,000
$137,000-150,000
