BTC is reaching the end of this pennant and we should expect a sharp price reaction in this area.
The next significant resistance is at 38k while the support is at 30k which so far has held well and created a higher low every time.
For this reason my bias is bullish and I expect us to pump higher soon. This is also supported by the indicators that are curving up nicely. We've had a bit of indecision these past few days and the pump on 28th Jan was quickly corrected back into the pennant.
While I am bullish bias, I don't exclude a possible drop either, we just have to see how we resolve this apex in blue.
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The next significant resistance is at 38k while the support is at 30k which so far has held well and created a higher low every time.
For this reason my bias is bullish and I expect us to pump higher soon. This is also supported by the indicators that are curving up nicely. We've had a bit of indecision these past few days and the pump on 28th Jan was quickly corrected back into the pennant.
While I am bullish bias, I don't exclude a possible drop either, we just have to see how we resolve this apex in blue.
Like and follow if you liked this idea!
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