Sign in Subscribe
Crypto

Bitcoin (BTC) - Edition #2

Samuel Castellanos

Samuel Castellanos

— 1 min read
Bitcoin (BTC) - Edition #2

Macro Outlook 🚀 Bullish 🚀

Good news as price just took out the lows of the range and is back above the mid level. This simply means that $74,000 is next and a breakout of the range is brewing. Now, after about 130 days of consolidation and a monthly close in the green just around the corner, it looks like strong price moves are coming.

Weekly Price Levels

  • Last week's close confirmed a new trend and will remain bullish as long as it stays above $60,827.
  • That said, dips are for buying between $62,750 - $64,596.
Weekly trend on BTC is confirmed!

Daily View

  • The $58.783 level is the one to watch. Price expansion after a close above it set the weekly trend and is now back above the mid ~$63,000 level.
  • Expect strong bids around those levels, especially with the weekly order block within the same price zone.
  • Simplifying. Bidding first support at $63k with a target at $72k seems the most obvious trade.
  • Clear skies above 72k. I wouldn't bet on 74k to act as a strong resistance zone.
Dips are for buying as long as price does not reach $60,800

Read more

Not financial or tax advice. All statements and expressions are the sole opinion of the company and are subject to change without notice. The Company is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial advisor, a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. No content on this website is financial, accounting, legal or tax advice. Zelf Trade content is strictly an information service and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.