20/02/23 Weekly outlook
Last weeks high: $25301.6
Last weeks low: $23314.8
Midpoint: $21328
BTC reached the local top of 25k and presented the market with a big question of would price break above this previous top, or reject and break down lower?
As of now the bearish result seems to be playing out, however I still wouldn't be surprised if the supply zone doesn't get tagged above the 25-25.5k as that has not happened yet just to take liquidity before breaking back below. However, if price is accepted above that zone 28k is the next stop.
Last weeks low: $23314.8
Midpoint: $21328
BTC reached the local top of 25k and presented the market with a big question of would price break above this previous top, or reject and break down lower?
As of now the bearish result seems to be playing out, however I still wouldn't be surprised if the supply zone doesn't get tagged above the 25-25.5k as that has not happened yet just to take liquidity before breaking back below. However, if price is accepted above that zone 28k is the next stop.
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