Hello guys, hope you're doing fine! :)
Bitcoin is at the important neckline of 6.500-6.600, a break to the upside could signal some upward movement forming a lower High on the Daily, compared to the previous highs at 8.500.
If we cannot break the neckline, or if we fake-out, of course we have to be looking at the break of 5.800 to the downside, which will be critical.
I wish you a wonderful weekend, and no matter what you do: set your stop loss!
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Bitcoin is at the important neckline of 6.500-6.600, a break to the upside could signal some upward movement forming a lower High on the Daily, compared to the previous highs at 8.500.
If we cannot break the neckline, or if we fake-out, of course we have to be looking at the break of 5.800 to the downside, which will be critical.
I wish you a wonderful weekend, and no matter what you do: set your stop loss!
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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Nothing has changed guys on the setup, we're getting tighter and tighter to the break in one or the other direction.