#BTC/USD Update +
📊 1D-Frame 📉 S & R 📈 Chart Update
#Bitcoin continued its fast upward move by staying above the 39000$ level since our analysis on 4 FEB and currently is facing a very strong important resistance area (Weekly EMA 50 & ...).
Scenario 1:
Breaking 44500$ important resistance and turning it to support will be a very good sign for #Bitcoin. We will go to the upper channel to test the last important resistance area and breaking it will take us to the next bull run.
Scenario 2:
Rejecting from this resistance area may cause starting a correction wave for #Bitcoin. We must see the price action after this scenario to can say our opinion about the future of the market.
📊 1D-Frame 📉 S & R 📈 Chart Update
#Bitcoin continued its fast upward move by staying above the 39000$ level since our analysis on 4 FEB and currently is facing a very strong important resistance area (Weekly EMA 50 & ...).
Scenario 1:
Breaking 44500$ important resistance and turning it to support will be a very good sign for #Bitcoin. We will go to the upper channel to test the last important resistance area and breaking it will take us to the next bull run.
Scenario 2:
Rejecting from this resistance area may cause starting a correction wave for #Bitcoin. We must see the price action after this scenario to can say our opinion about the future of the market.