ðBTC: Buyers Holding Well 48k Area, Bounce to 55k Soon...
Hello Dear Traders,
BTC found Demand Zone at 48k area, and holding very well on lower timeframe.
Price made Double bottom chart pattern on 4hr and i m expecting in next 20hrs btc may test again 55k area. which was previously demand zone now this demand zone will be flipped to as new supply zone. Once btc tests 55k area we will see sellers dominance. it will be not easy to cross this newly formed supply zone.
Also keep in mind tht on daily BTC is still bearish.
BTC found Demand Zone at 48k area, and holding very well on lower timeframe.
Price made Double bottom chart pattern on 4hr and i m expecting in next 20hrs btc may test again 55k area. which was previously demand zone now this demand zone will be flipped to as new supply zone. Once btc tests 55k area we will see sellers dominance. it will be not easy to cross this newly formed supply zone.
Also keep in mind tht on daily BTC is still bearish.
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As Expected btc tested 56k and we seen huge sell off frm bears
