BTC / USD
Bitcoin is testing new resistance zone around 42k This resistance is a confluence between trendline and 0.382 fibonacci level
This is a new challenge for bulls :
1- Either breakout and close above will make the price go directly to next resistance zones 46k-51k
2- failure and rejection can make price correct toward 38-35k before next move
Bulls show strength but as long as we in resistance zone better to reduce your fomo and greed until clear move
Dont forget to like my ideas and follow for more analysis
Best of wishes 🙏
Bitcoin is testing new resistance zone around 42k This resistance is a confluence between trendline and 0.382 fibonacci level
This is a new challenge for bulls :
1- Either breakout and close above will make the price go directly to next resistance zones 46k-51k
2- failure and rejection can make price correct toward 38-35k before next move
Bulls show strength but as long as we in resistance zone better to reduce your fomo and greed until clear move
Dont forget to like my ideas and follow for more analysis
Best of wishes 🙏
