BTC/USD - Rejected by resistance, reloading!
BTC wanted to break our current ATH at $42,000 but was quickly rejected as soon as we were above 40k.
Seems we need more time to break this level, however this second rejection was not as sharp. Last time we dipped almost 30%. I would find this unlikely to happen now, and I expect us to hold around
36K-37k, reload and eventually break above.
The daily indicators are still bullish, so if we don't drop under36K we're good to range here for a while and then push higher to try again.
As soon as we break
42K we are good to explore higher levels as indicated by the chart (also see my previous idea).
I remain bullish for now.
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Seems we need more time to break this level, however this second rejection was not as sharp. Last time we dipped almost 30%. I would find this unlikely to happen now, and I expect us to hold around
36K-37k, reload and eventually break above. The daily indicators are still bullish, so if we don't drop under
36K we're good to range here for a while and then push higher to try again.As soon as we break
42K we are good to explore higher levels as indicated by the chart (also see my previous idea).I remain bullish for now.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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