BTC appears to be testing the 41k/42k range. If the support holds, there will be another spike and potentially a new daily higher high.
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Support has broken, russia and ukraine have gone to war, and we're sitting at 35k.
History indicates a a running flat pattern on the daily/weekly. Support could hold at 30, or liquidations will set in and it will plumet to 28k.
That is the bearish prediction.
History indicates a a running flat pattern on the daily/weekly. Support could hold at 30, or liquidations will set in and it will plumet to 28k.
That is the bearish prediction.
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Bulls stepped in at 34k, pushed it to 39 and found support at 37/38k. FOMO is likely to set in for the bulls and shorts will be squeezed on the ride up to 44k/45k.
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Falling beneath this, it's likely we see a drop off until high 30's.
The range for maximum support in there will be 36k/37k/38k (I would like to see a 37k support with a healthy bounce to high 40's.