Bitcoin: Thoughts and Analysis
Pattern – HL building?
Support – 63,860, 60,675
Resistance – 66,710
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at BTC on its daily chart.
Today, we have broken down the current PA we are watching on BTCUSD.
Two things have presented themselves to us. Could we have a new HL forming after yesterday's fightback? Could this then set off a new leg higher to test the top of the range?
Or two, could this be a false point of support, and will we see sellers make a new move at testing lower-range support?
Good trading.
Support – 63,860, 60,675
Resistance – 66,710
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at BTC on its daily chart.
Today, we have broken down the current PA we are watching on BTCUSD.
Two things have presented themselves to us. Could we have a new HL forming after yesterday's fightback? Could this then set off a new leg higher to test the top of the range?
Or two, could this be a false point of support, and will we see sellers make a new move at testing lower-range support?
Good trading.
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