According to current price action we can expect 3 scenarios:
Most crucial level to watch in all scenarios is 95k region, if it breaks successfully above it, then we will see BTC slamming new ATH.
- Scenario 1: BTC is currently at it mid range resistance. If it breaks above this resistance then we may probably see price approaching range high and even beyond.
- Scenario 2: If it fails to break and rejects, then most probably we can expect reversal from range low demand zone, which aligns with cypher harmonic pattern's PRZ.
- Scenario 3: In worst case, we may see BTC dumping upto 74-70K region, and from there we will most probably see trend reversal.
Most crucial level to watch in all scenarios is 95k region, if it breaks successfully above it, then we will see BTC slamming new ATH.
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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.