BITCOIN: A DECISION TO MAKE.
Hello traders, welcome to today's BTC update in a daily timeframe.
BTC did well in a lower timeframe yesterday but if we zoom out the same chart in the higher timeframe, we can notice that BTC is under a decisive point. The yellow dotted line is acting as a strong resistance for BTC. From this point, if BTC breaks out then 19k is the target but if it gets rejected then 16.5k to 15.5k could be the dropping level.
BTC can take turns in any direction from here so stay extra cautious.
I hope this update is helpful for you all. Trade safely.
BTC did well in a lower timeframe yesterday but if we zoom out the same chart in the higher timeframe, we can notice that BTC is under a decisive point. The yellow dotted line is acting as a strong resistance for BTC. From this point, if BTC breaks out then 19k is the target but if it gets rejected then 16.5k to 15.5k could be the dropping level.
BTC can take turns in any direction from here so stay extra cautious.
I hope this update is helpful for you all. Trade safely.
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