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Analysis of #BTC USD
Following my analysis from the previous week, still, BTCUSD facing huge resistance at the falling trend line resistance on the weekly chart nevertheless the bulls are trying to push for a breakout with descending broadening wedge forming it may happen.
10500 is a key level for me if we break the trend with momentum and close above it, there is a big chance we could test the highs of 2019, but for now, I see a multi-level of resistance above where we are now 10500-11500.
looking to the downside, if BTCUSD fails to break in the short term we could see bulls giving up and bears taking over and BTC could start to fall
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Analysis of #BTC USD
Following my analysis from the previous week, still, BTCUSD facing huge resistance at the falling trend line resistance on the weekly chart nevertheless the bulls are trying to push for a breakout with descending broadening wedge forming it may happen.
10500 is a key level for me if we break the trend with momentum and close above it, there is a big chance we could test the highs of 2019, but for now, I see a multi-level of resistance above where we are now 10500-11500.
looking to the downside, if BTCUSD fails to break in the short term we could see bulls giving up and bears taking over and BTC could start to fall
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
