#Bitcoin - Price update:
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56 000$ support zone ✅
Very nutral price on the H4 view. (inside the kumo)
The daily price is stuck between the 59 600 - 56 000$ zone!
As mentioned in my previous analyses, the price of BTC should continue to be neutral for some time.
Important levels to watch for this neutrality zone [HTF] are $63,000 and $54,000!
It is therefore very difficult at present to have a precise view of the short and medium term.
Bear in mind that the BTC price is evolving in the daily bearish channel (see 4th chart) and that the key level to hold for the long term is the $48,000 - $50,000 zone.
During this period of neutrality, some altcoins could rebound upwards. It's best to trade the #alts
Tips:
70% of the time the market is neutral.
30% of the time it's trending. Spot this and trade the trending phases and you'll be much more profitable!
