Hey friends!
Price zone of 41-43k seems to be by important zone.
If the price fixes above 40-42k, will test the downtrend line at 50k. Perhaps the correction has already ended.
The news background is mostly neutral.
But If the price will not consolidate above the 40-42k zone, its possible we will see just false breakout, it may fall to the 24-26k.
RSI still not oversold so BTC have some potential. Looks like more interesting to buy right now, but actually if someone will take a look BTC weeks chart still no touch 50MA. So quick reversal is possible.
Ill be off the market till price will grow at least 41k.
Price zone of 41-43k seems to be by important zone.
If the price fixes above 40-42k, will test the downtrend line at 50k. Perhaps the correction has already ended.
The news background is mostly neutral.
But If the price will not consolidate above the 40-42k zone, its possible we will see just false breakout, it may fall to the 24-26k.
RSI still not oversold so BTC have some potential. Looks like more interesting to buy right now, but actually if someone will take a look BTC weeks chart still no touch 50MA. So quick reversal is possible.
Ill be off the market till price will grow at least 41k.
