As you can see, the Bitcoin price is in a consolidation area, and as expected the price will not continue highere so easy. It's having a hard time to break through the resistance. I think the price will stay there for some time, before it will break up.
If the daily candle can close above the key resistance, that would be a very good sign that the price will continue highere and continue the bullish trend.
As long as price holds in the consolidation area, there would be no worries for a new downtrend will start. We can start to pull the eyebrow if the price breaks the key support.
If the daily candle can close above the key resistance, that would be a very good sign that the price will continue highere and continue the bullish trend.
As long as price holds in the consolidation area, there would be no worries for a new downtrend will start. We can start to pull the eyebrow if the price breaks the key support.