If you were like me, you got a little dose of hopium after BTC closed above last week's resistance around $105k.
Nonetheless, resistance was expected from $105k - $108k with price starting the week with a bearish engulfing candle, currently trading around $103.1k.
We will have to see if last week's support around $101.5k holds.
If the price continues with bullish momentum and does something like the period from 22 Apr - 6 May, a successful bull flag breakout could take BTC to $115k.
If support is lost, we could see retests of previous levels as low as $94.5k. However, my guess would be a test of $97.5k before going higher, creating a HHHL market structure.
Nonetheless, resistance was expected from $105k - $108k with price starting the week with a bearish engulfing candle, currently trading around $103.1k.
We will have to see if last week's support around $101.5k holds.
If the price continues with bullish momentum and does something like the period from 22 Apr - 6 May, a successful bull flag breakout could take BTC to $115k.
If support is lost, we could see retests of previous levels as low as $94.5k. However, my guess would be a test of $97.5k before going higher, creating a HHHL market structure.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.