Week started good for BTC, but we are now facing big resistance at 58.8k.
2 trendlines, previous support/resistance zone, Anchored VWAP zone from 41k region all at this zone.
If FUD bypasses us this week I'm convinced BTC will breakout and turn it into support. After that action, next is around 63k where we could see some profit taking from short term positions and retest of previous (not yet retested) breakout zone.
Further upside action I don't expect until 66.2k isn't broken.
In case of FUD and another leg down into 50-52k region I wouldn't be surprised if we see some big wicks into sub. 50k region. Place your order just in case!
2 trendlines, previous support/resistance zone, Anchored VWAP zone from 41k region all at this zone.
If FUD bypasses us this week I'm convinced BTC will breakout and turn it into support. After that action, next is around 63k where we could see some profit taking from short term positions and retest of previous (not yet retested) breakout zone.
Further upside action I don't expect until 66.2k isn't broken.
In case of FUD and another leg down into 50-52k region I wouldn't be surprised if we see some big wicks into sub. 50k region. Place your order just in case!