Welcome to this quick update on BTC price action.
Let's cut things short and make it simple.
BTC continues to correction after correction after it reached the ATH. Nobody knows for how long we will see the correction but as a technical analyst, we can share the probabilities and possible scenarios. Currently, BTC is bouncing back from the $59800 support level, and from here we can expect BTC to test the $62k to $63k levels. In order to see the jump, BTC must hold the current support level. Failing this support will create a direct scenario making the price fall up to $56k.
So, a higher rally is expected soon. It can either happen now or after a few more corrections. I am bullish on BTC.
Thank you for reading my chart. Do like and share your comments.
I'll see you on the next update till then stay safe and trade well.
Let's cut things short and make it simple.
BTC continues to correction after correction after it reached the ATH. Nobody knows for how long we will see the correction but as a technical analyst, we can share the probabilities and possible scenarios. Currently, BTC is bouncing back from the $59800 support level, and from here we can expect BTC to test the $62k to $63k levels. In order to see the jump, BTC must hold the current support level. Failing this support will create a direct scenario making the price fall up to $56k.
So, a higher rally is expected soon. It can either happen now or after a few more corrections. I am bullish on BTC.
Thank you for reading my chart. Do like and share your comments.
I'll see you on the next update till then stay safe and trade well.
