Bitcoin / TetherUS
Long

$BTC - SR analysis

229
What a fun week last week! Got rightfully bamboozled by BTC, financially and emotionally but managed to recover. Took profit on a few of my bigger trades as a result. Hope the dip down wasn't too painful for everyone else.

Looks like we have a lot of decent bullish support with 2 major resistance levels to go (49, 57) before breaking ATH

forecast for this week -

bullish
- hopefully we reclaim 47100 in the next few days
- keeping an eye out for daily closes above 50/52k level as a sign of bullish continuation
- otherwise looking like we range at 45- 49k this coming week

bearish
- close below 45 and likely we go to 38000
- close below 43 as confirmation - even scam wick down to 42 would be bearish
- tons of support at 31-35k so not expecting to go further down from there

I think it's likely that we retest support at 45 in the future and break below it IF we don't close above 50k this week
Ultimately looking at BTC to keep printing HLs on HTF to continue bullishness!

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