BTC wanted to break our current ATH at $42,000 but was quickly rejected as soon as we were above $40k.
Seems we need more time to break this level, however this second rejection was not as sharp. Last time we dipped almost 30%. I would find this unlikely to happen now, and I expect us to hold around $36k-37k, reload and eventually break above.
The daily indicators are still bullish, so if we don't drop under $36k we're good to range here for a while and then push higher to try again.
As soon as we break $42k we are good to explore higher levels as indicated by the chart (also see my previous idea).
I remain bullish for now.
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Seems we need more time to break this level, however this second rejection was not as sharp. Last time we dipped almost 30%. I would find this unlikely to happen now, and I expect us to hold around $36k-37k, reload and eventually break above.
The daily indicators are still bullish, so if we don't drop under $36k we're good to range here for a while and then push higher to try again.
As soon as we break $42k we are good to explore higher levels as indicated by the chart (also see my previous idea).
I remain bullish for now.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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