Bitcoin- Another day, another fail
There are 2 weeks already since Btc is trading in a tight range, and, excepting the drop for 2 days under 56k zone, the resistance is 60k zone and support just under 56.
As long as the price is stuck between these two levels, it has no clear direction. A sustained break above 60k would put pressure to the upside and a new ATH is not out of the question.
However, a drop under 55.500 is very bearish and in my opinion will be the beginning of a medium-term down trend.
I'm waiting for clarification and till then I m out of any trade
As long as the price is stuck between these two levels, it has no clear direction. A sustained break above 60k would put pressure to the upside and a new ATH is not out of the question.
However, a drop under 55.500 is very bearish and in my opinion will be the beginning of a medium-term down trend.
I'm waiting for clarification and till then I m out of any trade
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