After the drop to 52k support zone, Bitcoin has recovered losses and touched 60k once again.
Bulls can't find a catalyst for further gains though and the cryptocurrency is trading again at 57k important zone.
In my opinion, bulls will fail to keep this zone intact and a drop under is imminent.
A daily close under 57k would expose 52 once again, but I believe this support will fall also, confirming a double top and exposing 42 very important support.
I will look to sell rallies and a new ATH would negate this scenario
Bulls can't find a catalyst for further gains though and the cryptocurrency is trading again at 57k important zone.
In my opinion, bulls will fail to keep this zone intact and a drop under is imminent.
A daily close under 57k would expose 52 once again, but I believe this support will fall also, confirming a double top and exposing 42 very important support.
I will look to sell rallies and a new ATH would negate this scenario
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.