BTC/USD - At key resistance, if we pass $58k we're due for ATH!

17 thg 3, 2021

BTC is looking sexy! We re-tested the support at 54k twice now and this second time we made a higher low = bullish!

Now we find ourselves at a key resistance level of 58k - if we pass this level and move higher then BTC is likely to set a new ATH and push higher towards 70k!

Price action is bullish and the indicators + volume on 4h confirm this. We only need to move away from this current resistance and then we are going to turn quite bullish on larger time frames like daily.

So watch this price level. If we get rejected, don't worry we have plenty of space to re-test the support at 54K and try again. Bias remains very bullish on BTC so long we are above 54k.

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