BITCOIN: THE FACE OFF.
Updated
Hello traders, here's a quick update on BTC in the hourly chart.
BTC has done exceptionally well and followed the big move that I was talking about. It is already 6.5% up from our previous post. There is a slight resistance at 20.3k and I guess, BTC must show some retest for a healthy move. BTC may rally higher than the resistance level but I would prefer a retest to be honest.
What is your thought on this recent rally? Do share in the comments.
Note: This analysis is in a shorter timeframe. Please do not compare it with the long-term chart.
Thank you for your support.
BTC has done exceptionally well and followed the big move that I was talking about. It is already 6.5% up from our previous post. There is a slight resistance at 20.3k and I guess, BTC must show some retest for a healthy move. BTC may rally higher than the resistance level but I would prefer a retest to be honest.
What is your thought on this recent rally? Do share in the comments.
Note: This analysis is in a shorter timeframe. Please do not compare it with the long-term chart.
Thank you for your support.
Note
BTC update:
The rejection was true and the slight resistance turns out to be a strong one. Well, you were already aware of this scenario through the update that was posted 13 hours ago.
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