The price of $BTC has been ranging in a flag mode for the past 33 weeks. Price is currently at a very critical point within the 66k - 67k zone. These two (2) scenarios are likely to play out:
1. If the price continues to hold above 66k - 67k, it means that resistance has flipped into support. That would provide a nice opportunity for momentum traders who prefer to trade price "Break-Out".
2. On the other hand, If the price fails to hold above 66k - 67k keys levels, next area of interest could be 63k - 64k. This would also be good for traders who prefer to trade mean price reversals.
That notwithstanding, there a high probability that a "Break Out" is on the horizon. Don't forget to do your own research.🤝