BTC Holding PERFECTLY above support. The TREND is your friend!
BTC price is holding above a very clear line of support. If it breaks this support, then BTC will come down to test 58k and then 53k lines of support.
IMO we will have upside price action in the next few days that will break ATH and set new ATH at 84k (1.618 Fib extension). It is possible that we have resistance at 74k, but we have yet to get there!
For now, keep watching for BTC to close above the 65k resistance. I will look to open my next trade once I see a 4 hour candle close above the $64,700 resistance.
Overall, I am still long on all of my positions as the trend has not yet been broken.
IMO we will have upside price action in the next few days that will break ATH and set new ATH at 84k (1.618 Fib extension). It is possible that we have resistance at 74k, but we have yet to get there!
For now, keep watching for BTC to close above the 65k resistance. I will look to open my next trade once I see a 4 hour candle close above the $64,700 resistance.
Overall, I am still long on all of my positions as the trend has not yet been broken.