BTC at critical point: Time to decide now
Bitcoin is now trading at 35.5 k level. This level is very crucial for both bulls and bears as it is the diagonal resistance Bitcoin respecting for more than a month. Breaking and consolidating above this means we are up for an insane pump towards 41k or even higher continuing the bull run. Failing to break this level will send BTC to 30k level which, in my opinion, won't hold this time as it has been tested many times, making it very very weak.
Just look at the inverse chart, it seems a very very nice ascending triangle with resistance at 30k.
I am neutral at this point, if this level breaks, I will be longing with target 41k. If Bitcoin fails to break it and goes below 32k, I will be shorting with targets 24k and 19.5k.
Just look at the inverse chart, it seems a very very nice ascending triangle with resistance at 30k.
I am neutral at this point, if this level breaks, I will be longing with target 41k. If Bitcoin fails to break it and goes below 32k, I will be shorting with targets 24k and 19.5k.
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