Barriers are gone

Morning folks,

So, in recent 3-4 updates we 've warned on possible resistance areas that could become a reason, barrier for immediate upside continuation and trigger retracement. Now, as market has passed through all targets and levels this resistance cluster is broken and we could consider next upward destinations. On monthly chart this is 23-24K, on weekly chart, and our next target is 21-21.1K - challenge of previous top.

Currently market stands at overbought on weekly and daily chart. It means that minor retracement could happen. But this time we focus on very small pullback. We use the same harmonic swing of touching overbought previously and use it in current situation. It suggests that BTC could pullback to 17K area, where is also 3/8 Fib level stands. At the same time, we do not consider levels below 15.4K, as all of them stands under oversold area.