BitcoinLong
BTC UPDATE
So lets start with a quick recap of today's movements. The price broke the 30400-30650 resistance resulting a pump in the price. Moving on to the analysis, the next resistance that we have is the purple box (31300-31800) breaking that resistance will result in a bullish movement.
I already spoke many days ago that a pullback to the mid 30's is expected and that may be near.
NB we are still in a bear market, is the price went to 35-38k that will not give us an indication of a bull market or any big price movements, for me to turn bullish on BTC I need to see a daily candle and probably a weekly candle close above 40k.
I already spoke many days ago that a pullback to the mid 30's is expected and that may be near.
NB we are still in a bear market, is the price went to 35-38k that will not give us an indication of a bull market or any big price movements, for me to turn bullish on BTC I need to see a daily candle and probably a weekly candle close above 40k.
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