Previous analysis on May 21 has played well so far.
BTC is currently in a critical zone where breakout can occur from either sides:
- crossing above the blue trendline and 70600 zone will probably result in a new ATH
- crossing below both white and yellow trendlines and later below 65800 level (as confirmation) shall lead to a dump towards at least 60k - 61k zone
Both scenarios are still valid and possible and we will have to wait and see which one takes place in the next few days.
BTC is currently in a critical zone where breakout can occur from either sides:
- crossing above the blue trendline and 70600 zone will probably result in a new ATH
- crossing below both white and yellow trendlines and later below 65800 level (as confirmation) shall lead to a dump towards at least 60k - 61k zone
Both scenarios are still valid and possible and we will have to wait and see which one takes place in the next few days.
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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.