BTC/USD 1D, last retest is coming that I talked about earlier. Price moves on low volume should be observed and should confirm that the upcoming move will reverse upwards as fewer transactions agree on price. I think we will only reach $30,000-31,000 in the parallel channel forecast from the last top and bottom. RSI should also confirm higher lows as bearish strength wanes.
The reaction will be a pullback to 40567 where there was previous resistance. However, as we now face this for the second time and have also tested lower highs, a break above 40567 will yield an automatic reaction (AR) towards the 47010 demand zone- 51272 USD. RSI will face resistance once again as it tests the main downtrend channel and multiple price points where it has failed before.
The reaction will be a pullback to 40567 where there was previous resistance. However, as we now face this for the second time and have also tested lower highs, a break above 40567 will yield an automatic reaction (AR) towards the 47010 demand zone- 51272 USD. RSI will face resistance once again as it tests the main downtrend channel and multiple price points where it has failed before.
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