BTC has already tested a breakout twice before in this extended downtrend and is now looking to test it a third time. The breakout patterns have been relatively similar and I expect the same in this case. If there is a break in the trend of the previous two breakouts that would be a decent signal that momentum is turning one way or the other.
S&P has had a strong reversal towards the weekly close and will fuel the bulls here for the time being. Will be crucial to see how BTC handles this resistance.
S&P has had a strong reversal towards the weekly close and will fuel the bulls here for the time being. Will be crucial to see how BTC handles this resistance.