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Welcome to this quick BTC update.
BTC is going good so far. After the 25BPS announcement from Powell it pumps well and cross above $24k. Heading towards its major resistance which is at $24k-
25K level. Still there is no major correction yet. So what we can expect from here?
We have a major resistance at $24k-25K level so IMO we will not able to break this resistance in a single go. We might see a good correction from this $24k-25K zone. But in case if we get a daily or weekly close above 25K then we might see more upside before any correction.
So far it is looking bullish. Try to buy Alts which will not pump much yet or wait for the correction.
What do you think about this? Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update.
BTC is going good so far. After the 25BPS announcement from Powell it pumps well and cross above $24k. Heading towards its major resistance which is at $24k-
25K level. Still there is no major correction yet. So what we can expect from here?We have a major resistance at $24k-
25K level so IMO we will not able to break this resistance in a single go. We might see a good correction from this $24k-25K zone. But in case if we get a daily or weekly close above 25K then we might see more upside before any correction. So far it is looking bullish. Try to buy Alts which will not pump much yet or wait for the correction.
What do you think about this? Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Note
BTC is rejecting from the channel's upper boundary where strong resistance of z$24k-
25K lies. Currently, holding the midline of the channel ($23.4k), and as long as BTC holds this line we can expect another push toward the resistance zone of $24k-25K If it breaks and closes below the mid line of the channel ($23.4k) then we expect more dump.
Let's see how BTC reacts in the next few hours.
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Related publications
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.