BTC breakout the 32k resistance level in 23 October, since this day BTC is traded between 33k-34k Levels.
So what's next?
- Today's the monthly closing is considered the highest in a year.
- The 30k to 32k level act now as support area.
- 37k-42k are high selling areas.
- If Monthly candle close above 34k we can expect a big move soon.
- If Monthly candle close bellow 34K we can expect BTC to drop to 31k area.
Key moments
- I'm waiting for the monthly closure to confirm my next move, going above 35k will be mega bullish.
- the next Weekly closure is very Important also, we can see what November has in store for us.
Note:
- We've a sideways movement for the last 7 days, for the moment we've Monthly candle closure so if the breakout happen we can expect 37k soon.
Please be safe, DYOR and keep your risk management On.