Hello guys, hope you enjoyed your weekends. I took a 2 days break which was much needed.
Let's start this week with this BTC Update.
Bitcoin has been trading under this descending channel since the last 1 week.
Breakout to the upside can take BTC to 62k level.
While I expect BTC to hit the 54.8k to 55.6k level again a breakout to the upside is possible.
BTC is mostly moving sideways providing an opportunity for the altcoins to pump.
Conclusion:- Unless BTC breaks and closed above the 21D MA a retest to the 54k to 55k level is highly likely.
Do hit the like button if you like my updates and share your views in the comment section.
#PEACE
Let's start this week with this BTC Update.
Bitcoin has been trading under this descending channel since the last 1 week.
Breakout to the upside can take BTC to 62k level.
While I expect BTC to hit the 54.8k to 55.6k level again a breakout to the upside is possible.
BTC is mostly moving sideways providing an opportunity for the altcoins to pump.
Conclusion:- Unless BTC breaks and closed above the 21D MA a retest to the 54k to 55k level is highly likely.
Do hit the like button if you like my updates and share your views in the comment section.
#PEACE
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Closed above 21D MA.
I expect a retracement and then a rally towards $62k level.