LIVEBitcoin
So there isn't still significant effect regarding the latest FOMC minutes in the market as well.
Price of the BTC is still in this range between the area of $50.6k - $52.5k region which has been establishing since February 14th.
As of now, I'm still sticking on my bias with the possible higher high push in the market as current drop is only acting as the short term corrective movement which is pretty normal.
As long as the structure of the market is still holding well, the upside bias remains valid.
For addition, it looks like today's drop will only become the liquidity grab before it continues its upside movement and break out recent resistance at $52.5k because there is also a hidden bullish divergence on RSI which is showing us that majority of people are now taking profit.
I'll be very interested if the price reach the area of $48.3k again as this area is major support zone for BTC so that I can fill my bag with discount price.
if you ask me, current price level for BTC is very cheap
