BITCOIN: HOLDING THE SUPPORT BUT UNABLE TO BREAKOUT.
Hello traders, I hope your weekdays went well.
BTC is once again to a point where it is holding the support but is unable to break out. For a reason, BTC is failing to break through the yellow-dotted trendline. Once we see a break out then we can expect BTC at $20.6k. On the bearish part, a rejection or a breakdown below the white support line may drop the price to the yellow dotted support line.
I am still anxiously waiting for the break out keeping in mind the rejection possibility.
Trade safely, guys. Happy weekends.
BTC is once again to a point where it is holding the support but is unable to break out. For a reason, BTC is failing to break through the yellow-dotted trendline. Once we see a break out then we can expect BTC at $20.6k. On the bearish part, a rejection or a breakdown below the white support line may drop the price to the yellow dotted support line.
I am still anxiously waiting for the break out keeping in mind the rejection possibility.
Trade safely, guys. Happy weekends.
