BTC to $40k?
As per my last analysis on BTC I said if we can break to the two resistance lines then the path to 40k will be open. This played out and BTC jump to 39.2k, can expect small correction as MACD on H1 is bearish and has similar formation to a previous bearish MACD as circled below. Can bounce off the new support line on the log graph before reaching 40k. On linear graph, which I will post in my next post for reference, you can see there is a temporary resistance to break before reaching 40k.
D1 chart still bullish.
D1 chart still bullish.
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