Hello readers,
Welcome to this quick update on BTC in a 6-hour timeframe. In my previous update, I mentioned the $27.3k resistance level which BTC clearly didn't manage to break out, resulting in a rejection toward $26k. If this pattern continues, we can expect BTC to reach down to
25K
or $24.5k. This could be the possible odd scenario for BTC. Talking about the positive side, a trend reversal and breakout above
27K
could turn the table around.
The 21 MA which was acting as a support had turned out to be resistant to BTC. A miraculous reversal could save BTC from falling any further down.
What is your expectation in this current situation? Let me know in the comments.
Best regards,
Team Dexter.
Welcome to this quick update on BTC in a 6-hour timeframe. In my previous update, I mentioned the $27.3k resistance level which BTC clearly didn't manage to break out, resulting in a rejection toward $26k. If this pattern continues, we can expect BTC to reach down to
25K
or $24.5k. This could be the possible odd scenario for BTC. Talking about the positive side, a trend reversal and breakout above
27K
could turn the table around. The 21 MA which was acting as a support had turned out to be resistant to BTC. A miraculous reversal could save BTC from falling any further down.
What is your expectation in this current situation? Let me know in the comments.
Best regards,
Team Dexter.
