BTC is fast approaching a key resistance level at $54k! Break it and the bull market returns.
A rejection would be pretty nasty and imply that an ABC correction is happening, meaning we're likely to go back to $40k on leg C.
This resistance is a pretty big one and will define how BTC enters into 2022.
Indicators suggest a bullish bias, but I don't trust this until BTC is above this resistance.
OBV (pink line) appears keen to move above the moving averages, so this is a good sign too.
Lets see what the new year brings! Like and follow if you liked my idea!
A rejection would be pretty nasty and imply that an ABC correction is happening, meaning we're likely to go back to $40k on leg C.
This resistance is a pretty big one and will define how BTC enters into 2022.
Indicators suggest a bullish bias, but I don't trust this until BTC is above this resistance.
OBV (pink line) appears keen to move above the moving averages, so this is a good sign too.
Lets see what the new year brings! Like and follow if you liked my idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
