Notwithstanding all that, from a technical perspective, BTC is in a clear , which at a minimum is set to test the previous ATH' with coinciding resistance around $6200, further resistance ahead is found at $6400. Below that, major support levels are found at $5700, $5400, $5000, and $4650. I expect we have a re-test of the previous all time high in the upcoming period, and given the momentum prior to the upcoming fork, it will not surprise us to see at least a minimal test of the $6400 region.
Keep in mind the channel formation as we could also see a corrective regression from the top end of the channel (if we get there) back towards the middle of the channel. remain clear. Thanks for reading.
All comments and questions welcome below!
That's just horizontal lines based on what I saw as support/resistance at the time of posting. I edited the horizontal lines as dashes for ease of viewing purposes. Keep in mind that the $6400 line was resistance, which got tested several times, finally broken, and has now become minimal support, at least for the time being. We'll see how the week ends up being. I think we're heading for $6900 at the least, but time will tell. Just gotta see what the market and charts tell us.
I was also thinking on lines of no stop loss . looking at the bigger picture .