BTC update:
After the 4th attempt to break above the resistance, BTC, finally at the 5th attempt broke the resistance which is a good sign. Now, after the breakout, BTC showed some retest and currently bouncing back.
Could this be the bounce we are expecting or will it retest further?
We need to wait for more confirmation on this one. If BTC has to retest further then $47.5k to $47.9k should be the level. Breaking down below these levels will pull back the price up to $45.3k level.
The $50k level is a resistance which BTC is trying to break for quite a while now. Once BTC is through the $50k level then $52k to $53k will be a strong resistance level to break to confirm a higher rally.
We will update more on this. So, stay tuned.
http://t.me/cryptomillionare
