#BTCUPDATE - 20.5.21
Things are looking optimistic for BTC right now - repeated tests of $40k resistance. We are in consolidation phase - expected breakout incoming.
Breaking out above $40k will see a move to $42.4k region - there are sells already forming here and it is a prominent resistance so expect a strong rejection - although it should remain above $40k.
Be wary of a break down as there is low liquidity area until about $35k.
Stay wary but there is positivity forming around BTC in general news again - so we may avoid the bearish turn.
Things are looking optimistic for BTC right now - repeated tests of $40k resistance. We are in consolidation phase - expected breakout incoming.
Breaking out above $40k will see a move to $42.4k region - there are sells already forming here and it is a prominent resistance so expect a strong rejection - although it should remain above $40k.
Be wary of a break down as there is low liquidity area until about $35k.
Stay wary but there is positivity forming around BTC in general news again - so we may avoid the bearish turn.
