BTC - Retesting major resistance
Hello traders, hope you're having a good day!
Here we have a 1h BTC/USD chart.
Bitcoin broke out of its sideward trend to regain some strength and hit 16'000.
But before we can hit higher highs, we are probably going to have to fight at the 16'500 resistance level, where Bitcoin has already been stopped twice in the past.
I have conducted two scenarios:
1. We finally break out and get a chance for a new all-time high... Target zone 20k
2. We fail and bounce back to the 13'000 levels, before we get a new attempt at 16.5K
Share your thoughts with me!
Here we have a 1h BTC/USD chart.
Bitcoin broke out of its sideward trend to regain some strength and hit 16'000.
But before we can hit higher highs, we are probably going to have to fight at the 16'500 resistance level, where Bitcoin has already been stopped twice in the past.
I have conducted two scenarios:
1. We finally break out and get a chance for a new all-time high... Target zone 20k
2. We fail and bounce back to the 13'000 levels, before we get a new attempt at 16.5K
Share your thoughts with me!
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