4H timeframe
Bitcoin near-touched the ATH and currently we are yet to break above this level. Candle closes above the ATH could send BTC into price discovery however for now we should assume that it could be resistance.
Liquidity Zone @ 100,500
We could see a reaction to the 236 which is sat directly below the liquidity.
Microphone pattern formed during recent p.a.
I do think that if BTC is unable to succeed the previous ATH then we could see bearish price movement.
Bitcoin near-touched the ATH and currently we are yet to break above this level. Candle closes above the ATH could send BTC into price discovery however for now we should assume that it could be resistance.
Liquidity Zone @ 100,500
We could see a reaction to the 236 which is sat directly below the liquidity.
Microphone pattern formed during recent p.a.
I do think that if BTC is unable to succeed the previous ATH then we could see bearish price movement.
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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.