Welcome to this quick update.
BTC is currently trading at $35800.
3 conditions are needed for BTC to stay bullish.
1. We need a break and close above the black trendline channel resistance.
2. Price stays above 21D MA in 4 hour chart.
3. Price after the breakout of the black trenline should move back into the blue channel trendline.
If we don't close above the channel as well as get back into the blue channel we BTC is bearish and we can certainly see a bloody week from tomorrow.
BTC surprises everyone with it's move.
If we could just break and close above 37k it would be very bullish for BTC.
So the question is answered here break and close above 37k leads to 44k.
Rejection will lead to lower price targets as shown in the chart.
Hope it makes sense.
Thanks to you, Enjoy the Sunday evening.
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#PEACE