BTCUSD we keep on flying...

Feb 22, 2021

If you look at previous analysis you see price respect our levels, each time some resistance. But bulls are still strong.. We added a new support trendline, wich could show us where first weakness lies 52k. Price at resistance of 57k, it may go down towards 52k support. Some support should lie there, it comes together with the upperside of the risigng channel and the downside of the rising triangle. Breaking below should give more weakness towards 49k support and if we break that we will go back to 47k/46k. For the bulls i would like to see price holding there, If supports holds we can will climb towards 60k, 62k and even final to 67k, if not we will go down hard...For now it is still long coz the the trend tells you...