After its strong move on the 30th of April, Bitcoin hit the 58k resistance level and is now pulling back.
The support level that is important to my eye at this point is 55.5k, meaning if we break below it it would raise a red flag, and bitcoin could continue its push lower to 54k and possibly 51k.
If we break and close above 58k, we can expect a move back to 60k, then 61-62k and finally the ATH.
Any questions?
Good luck traders,
Focus on protecting what you have and don't break your rules
Habib
The support level that is important to my eye at this point is 55.5k, meaning if we break below it it would raise a red flag, and bitcoin could continue its push lower to 54k and possibly 51k.
If we break and close above 58k, we can expect a move back to 60k, then 61-62k and finally the ATH.
Any questions?
Good luck traders,
Focus on protecting what you have and don't break your rules
Habib