With Bitcoin forming higher highs and higher lows a break is soon to arrive with 2 scenarios.
Green Scenario: It breaks resistance and goes towards 47k.
Red Scenario: It breaks support and goes towards 32k.
HOWEVER,
BOTH scenarios are bullish
Red scenario would form a triple bottom which is bullish.
Bitcoin options expire in the next couple of days, so a huge price fluctuation will happen in either direction.
Trade Safe!
Green Scenario: It breaks resistance and goes towards 47k.
Red Scenario: It breaks support and goes towards 32k.
HOWEVER,
BOTH scenarios are bullish
Red scenario would form a triple bottom which is bullish.
Bitcoin options expire in the next couple of days, so a huge price fluctuation will happen in either direction.
Trade Safe!