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Bitcoin (BTC) - Edition #2
Bitcoin (BTC) - Edition #2 - Read the full update on Zelf Trade.
Samuel Castellanosâ¢
Bitcoin (BTC) - Edition #2
Macro Outlook ð Bullish ð
Good news as price just took out the lows of the range and is back above the mid level. This simply means that $74,000 is next and a breakout of the range is brewing. Now, after about 130 days of consolidation and a monthly close in the green just around the corner, it looks like strong price moves are coming.
Weekly Price Levels
- Last week's close confirmed a new trend and will remain bullish as long as it stays above $60,827.
- That said, dips are for buying between $62,750 - $64,596.
Weekly trend on BTC is confirmed!
Daily View
- The $58.783 level is the one to watch. Price expansion after a close above it set the weekly trend and is now back above the mid ~$63,000 level.
- Expect strong bids around those levels, especially with the weekly order block within the same price zone.
- Simplifying. Bidding first support at $63k with a target at $72k seems the most obvious trade.
- Clear skies above 72k. I wouldn't bet on 74k to act as a strong resistance zone.
Dips are for buying as long as price does not reach $60,800
Disclaimer: This content was originally published on Zelf Trade.