BTC - facing strong resistance while bulls are supporting 38k
The bullish scenario leads to a break-out through both resistance lines. The price could come back to the resistance, establish it as new support and reach a new local high at around 45-47k USD.
The bearish scenario would let us drop to 36k and after a bounce probably lower to our previous lows at around 30k.
Volume is in favour of the bulls and more signals such as RSI on weekly suggest a bullish outcome long-term.
This is not financial advice. Happy trading!
The bearish scenario would let us drop to 36k and after a bounce probably lower to our previous lows at around 30k.
Volume is in favour of the bulls and more signals such as RSI on weekly suggest a bullish outcome long-term.
This is not financial advice. Happy trading!
