BTC has been bobbing above and below this bearish triple crossover the past few months. What we see as consolidation is rather price getting stuck around these resistance levels.
The only reason why this would be occurring in my view, is due to the market makers having intention to allow this drop to play out.
The resistance is located at around 107,000 to 107,400 - watch this zone closely for a hold below / rejection and fast drop.
Scenario 1 marked with solid red line.
Scenario 2 marked with dotted red line.
Little update for y’all. Happy weekend trading.
The only reason why this would be occurring in my view, is due to the market makers having intention to allow this drop to play out.
The resistance is located at around 107,000 to 107,400 - watch this zone closely for a hold below / rejection and fast drop.
Scenario 1 marked with solid red line.
Scenario 2 marked with dotted red line.
Little update for y’all. Happy weekend trading.
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