Bitcoin is now overbought on small timeframes, but trading volumes have again shown interest in the upside. BTC is trading in the liquidity zone. Price has broken up the 200MA (4H TF) I expect growth after fixing above the lower boundary of the liquidity zone.
Price is showing a short term ascending trendline and testing the 20427.23 level, where the overlap resistance and 50% fibonacci retracement are. If this level is broken, the next resistance could be at 21864.11, which is in line with the 78.6% fibonacci retracement check out our analysis