BTC just touched two NPOC levels in one powerful wick upwards.
High volume candle suggests a lot of bullish strength.
Next higher NPOC level around 43k.
Considering bullish strength, a move into 42k-43k territory touching upper NPOC level is not unreasonable. After which it may rejecting back down into the 30's to seek lower NPOC levels.
However, 40k remains a strong psychological barrier. If failing to break through and if rejection is confirmed, I will look at lower NPOC levels as next price targets.
High volume candle suggests a lot of bullish strength.
Next higher NPOC level around 43k.
Considering bullish strength, a move into 42k-43k territory touching upper NPOC level is not unreasonable. After which it may rejecting back down into the 30's to seek lower NPOC levels.
However, 40k remains a strong psychological barrier. If failing to break through and if rejection is confirmed, I will look at lower NPOC levels as next price targets.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.