Bearish scenario of dead cat bounce invalidated

6 set 2021

BTC just closed a 12 hour candle which pretty much guarantees a continuation to a six figure price point this year. By closing above the major resistance between the Fibonacci 0.5 and 0.618 which coincides with the breakout of the volume profile resistance. We have very little price resistance up to 56-58K, and none above that level. This pretty much kills the bear case of a dead-cat bounce from this correction happening. Daily price will have to move below 48.5K to resume the bearish scenario.