BITCOIN (UPDATE)
#Bitcoin dumped hard and tested $40,000 area.
#BTC is now trading above $43,000 and the next key level to flip is $44,200.
It needs to hold above $44,200 otherwise we see a retest of $42,500 support area. A 4-hour candle close below $42,400 is bearish and we see more downwards movement towards $40,000 if this happen.
If BTC able to break and hold above $44,200 then the next resistance is $45,100 area. Market is highly volatile so trade with a stop loss is must.
#BTC is now trading above $43,000 and the next key level to flip is $44,200.
It needs to hold above $44,200 otherwise we see a retest of $42,500 support area. A 4-hour candle close below $42,400 is bearish and we see more downwards movement towards $40,000 if this happen.
If BTC able to break and hold above $44,200 then the next resistance is $45,100 area. Market is highly volatile so trade with a stop loss is must.
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