Hello, trades, Dexter here with yet another update on BTC in a daily timeframe.
It's the 5th day and BTC just couldn't break the $23k resistance level. If BTC breaks this resistance level then $25k is imminent. But with the recent move on BTC, I assume that it may reject further toward $21.5k and then bounce back or eventually a breakout above $23k. If not then $20.4k-$19k is possible. With the RSI making a bearish move if BTC happens to show some correction then I believe that it will be important for the market and we will soon see a good rally coming in after this correction.
If BTC ignores the correction and breaks above the $23k resistance then the rejections will be invalidated and BTC will face the ultimate resistance level of $25k. Let us see what tomorrow will bring.
Until then don't get rekt.
Thanks for reading. Trade safely.
It's the 5th day and BTC just couldn't break the $23k resistance level. If BTC breaks this resistance level then $25k is imminent. But with the recent move on BTC, I assume that it may reject further toward $21.5k and then bounce back or eventually a breakout above $23k. If not then $20.4k-$19k is possible. With the RSI making a bearish move if BTC happens to show some correction then I believe that it will be important for the market and we will soon see a good rally coming in after this correction.
If BTC ignores the correction and breaks above the $23k resistance then the rejections will be invalidated and BTC will face the ultimate resistance level of $25k. Let us see what tomorrow will bring.
Until then don't get rekt.
Thanks for reading. Trade safely.
