BTC Going To Test ATH’s Again?
BTC has been sitting in this consolidation range for the past few hours. The current price is directly in the middle of this zone with a short term bullish trend forming.
I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again.
This is a bullish scenario, and the market could move in the opposite direction. If this is the case in the next 1-2 hours, I would like to seen it drop to the lower support zone at the bottom of the consolidation range, and then monitor price action on the 1H/4H charts to react accordingly!
Good luck :)
- Chigz
I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again.
This is a bullish scenario, and the market could move in the opposite direction. If this is the case in the next 1-2 hours, I would like to seen it drop to the lower support zone at the bottom of the consolidation range, and then monitor price action on the 1H/4H charts to react accordingly!
Good luck :)
- Chigz
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