BTC ending the week on a bearish push back below 40k. Some important things to note.
1) Although BTC failed to break previous high's around the 45k level, it is still respecting previous low's. This is a good indication for further bullish movements in the near future.
2) A close back above the 40k level will show that this is merely a deep retest on previous resistance now support before continuing back towards the 45k level.
1) Although BTC failed to break previous high's around the 45k level, it is still respecting previous low's. This is a good indication for further bullish movements in the near future.
2) A close back above the 40k level will show that this is merely a deep retest on previous resistance now support before continuing back towards the 45k level.