#BTCUPDATE - 20.5.21
Things are looking optimistic for BTC right now - repeated tests of $40k resistance. We are in consolidation phase - expected breakout incoming.
Breaking out above $40k will see a move to $42.4k region - there are sells already forming here and it is a prominent resistance so expect a strong rejection - although it should remain above $40k.
Be wary of a break down as there is low liquidity area until about $35k.
Stay wary but there is positivity forming around BTC in general news again - so we may avoid the bearish turn.
Things are looking optimistic for BTC right now - repeated tests of $40k resistance. We are in consolidation phase - expected breakout incoming.
Breaking out above $40k will see a move to $42.4k region - there are sells already forming here and it is a prominent resistance so expect a strong rejection - although it should remain above $40k.
Be wary of a break down as there is low liquidity area until about $35k.
Stay wary but there is positivity forming around BTC in general news again - so we may avoid the bearish turn.
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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.
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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.