The Upper line has always been a strong line of resistance, the bottom line a strong line of support. If We find support around the 56k area we could see a relief rally towards the upper resistance line.
Should we break the 56k resistance level we will most prob see BTC breaking down towards the 53k resistance . We will know by Friday what BTC decided, After that the bulls should take control once again for some upwards movement!
Should we break the 58k support area we could come down to test the 52k before going back to the upside. Still in a healthy bullish uptrend, we might even just push up from 58k.. According to Market Cipher the momentum wave is moving to the downside, red x on the chart indicating more downward movement, RSI pointing down, Vwap below the 0 line. Money flow still in...
