BTC/USD - Resistance above. Can we break it? 🚨

2021년 3월 7일

BTC is quickly approaching the resistance at 51k. Can we break above? If that happens, then BTC will be clear to re-test the ATH and move higher.

The indicators are looking good to push us higher, however the volume is not ideal. Volume has been declining on this move up. Not good.

Therefore, we may re-test the ascending support in this ascending triangle in blue before we can push ahead on Monday. A breakout from this triangle will surely bring volume one way or another.

The daily indicators look ready to move us up, however they need a bit more time and a break of this resistance which I'd expect to take place eventually.

Bias remains bullish for now, despite any re-tests of support. Should we fall below our previous low (indicated by the yellow arrows) then my bias will change.

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