Welcome to this quick BTC update, guys.
BTC is unable to break above the resistance level. We saw some rejections in the last 24 hours but here's an interesting thing. BTC has formed a supporting trendline of $43k from where we may possibly see a bounce reaching towards the resistance level. BTC may bounce a little higher and then get rejected but if it manages to break through the $46k ceiling then we are good to go. A rejection from the current level could drop the price back to $41k.
I have booked my profits on BTC trade and I hope you did too.
Let me know your ideas and thought about the market in the comments.
Do like, share, and follow for more updates.
Thank you.
BTC is unable to break above the resistance level. We saw some rejections in the last 24 hours but here's an interesting thing. BTC has formed a supporting trendline of $43k from where we may possibly see a bounce reaching towards the resistance level. BTC may bounce a little higher and then get rejected but if it manages to break through the $46k ceiling then we are good to go. A rejection from the current level could drop the price back to $41k.
I have booked my profits on BTC trade and I hope you did too.
Let me know your ideas and thought about the market in the comments.
Do like, share, and follow for more updates.
Thank you.
