I'm watching the Bitcoin support levels at the following prices, which would lead us to a higher low:
☙ $23.8k
☙
23K
☙ $21.7k
Losing $21.7k would be a breakdown in the uptrend market structure and lead to a retest of $20k, with the possibility of an extended drop into the teens.
Assuming the uptrend remains intact, I'm looking for a retest of resistance extending from Nov21, around $26.5k. I'm not in a rush to get there and (for now) but not expecting bearish bombs in FOMC minutes or earnings this week - subject to change.
☙ $23.8k
☙
23K☙ $21.7k
Losing $21.7k would be a breakdown in the uptrend market structure and lead to a retest of $20k, with the possibility of an extended drop into the teens.
Assuming the uptrend remains intact, I'm looking for a retest of resistance extending from Nov21, around $26.5k. I'm not in a rush to get there and (for now) but not expecting bearish bombs in FOMC minutes or earnings this week - subject to change.
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.
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.