Is this the time Bitcoin gets a proper retrace?
There's not much to say about this week: we've been continuing the trend that we already started last week. So far Bitcoin has reached 45k, the target that I set in the my last Weekly Review. Next week could be slightly different as BTC gets closer and closer to high timeframe resistances.
My outlook is that we might touch the 46.4k resistance (nPoC) and reject it. After that, consolidate price above 43k, if possible. If not, the next support is just above 41k. Take into account that these events could happen in any order (eg. Bitcoin retraces to 43k and then touches the nPoC).
However, the most important thing is that next week is going to have some wider price action, which is always nice to see. Just a bit further, if we end up breaking the nPoC (which is rather unlikely), I want to see a test of
49K (the next nPoC).
My outlook is that we might touch the 46.4k resistance (nPoC) and reject it. After that, consolidate price above 43k, if possible. If not, the next support is just above 41k. Take into account that these events could happen in any order (eg. Bitcoin retraces to 43k and then touches the nPoC).
However, the most important thing is that next week is going to have some wider price action, which is always nice to see. Just a bit further, if we end up breaking the nPoC (which is rather unlikely), I want to see a test of
49K (the next nPoC). 
Feragatname
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