As you see, we broke the trendline but failed to stay above it. Now we see bitcoin trying to get above it, but we failed. I think we can see a pullback to the 55k range, before we will try again to break the big resistance.
Not
Why 70% chance up? That is because 53400 is proven to be a solid support. And next to that, as you see in my wyckoff chart, you see that the distribution is nearing the end. We can see the 53k, but i expect a big bounce from there.
Not
however, its not a must we see 53k. I have always a bit a 38k feeling for 53k. Everyone was screaming for 38k end september, but we just went up. That can happen now too ofc. Lets see! Enjoy your day.
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