Based on BTC daily chart, it is now testing to break its bearish pennant resistance at around $39.3k.
MACD signal line is currently forming an uptrend momentum.
For confirmation, a candle close above the resistance and retest of the resistance turned support means that BTC are in a reversal uptrend.
Otherwise, a rejection will bring BTC back to retest its previous support around .5 fib level or lower around $33k.
MACD signal line is currently forming an uptrend momentum.
For confirmation, a candle close above the resistance and retest of the resistance turned support means that BTC are in a reversal uptrend.
Otherwise, a rejection will bring BTC back to retest its previous support around .5 fib level or lower around $33k.
