BTC: A STEP AHEAD TOWARDS THE ALL TIME HIGH OR A JUMP TO FALL???
Welcome to this fresh update on BTC price in 2 hours timeframe.
BTC bounced almost 10% after reaching its support at $60k which was pretty impressive. Currently, it is getting rejected from its resistance level which is quite obvious. It would be surprising if BTC breaks above the $66k resistance level, indicating a new ATH rally. But looks like we may witness a small correction up to the $64k level. Further rejection from the $64k level will be a critical situation for BTC.
In a long run, I am bullish on BTC but I always explain what I see in the chart, and at present, I am biased towards a small correction.
Let me know what you think about the current BTC price.
Do like and share your views.
I'll see you on my next update.
BTC bounced almost 10% after reaching its support at $60k which was pretty impressive. Currently, it is getting rejected from its resistance level which is quite obvious. It would be surprising if BTC breaks above the $66k resistance level, indicating a new ATH rally. But looks like we may witness a small correction up to the $64k level. Further rejection from the $64k level will be a critical situation for BTC.
In a long run, I am bullish on BTC but I always explain what I see in the chart, and at present, I am biased towards a small correction.
Let me know what you think about the current BTC price.
Do like and share your views.
I'll see you on my next update.
