#BTCUPDATE - 20.5.21
#BTCUPDATE - 20.5.21
Things are looking optimistic for BTC right now - repeated tests of 40k resistance. We are in consolidation phase - expected breakout incoming.
Breaking out above 40k will see a move to 42.4k region - there are sells already forming here and it is a prominent resistance so expect a strong rejection - although it should remain above 40k.
Be wary of a break down as there is low liquidity area until about 35k.
Stay wary but there is positivity forming around BTC in general news again - so we may avoid the bearish turn.
Things are looking optimistic for BTC right now - repeated tests of 40k resistance. We are in consolidation phase - expected breakout incoming.
Breaking out above 40k will see a move to 42.4k region - there are sells already forming here and it is a prominent resistance so expect a strong rejection - although it should remain above 40k.
Be wary of a break down as there is low liquidity area until about 35k.
Stay wary but there is positivity forming around BTC in general news again - so we may avoid the bearish turn.
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