$BTC dipped after Mt. Gox started moving its $2.8B BTC! What's the next possible move for $BTC?
1-Day Timeframe (First Chart):
There's a Fair Value Gap (FVG) between $60.6k and $58.6k, and our support or bottom range is at $59.1k. We could potentially sweep these gaps and continue upward. I expect $BTC to reach our median of $66.4k before sweeping the gaps below, but it could also sweep the gaps first and then climb.
4-Hour Timeframe (Second Chart):
$BTC is struggling to break through the golden zone between $66k and $63.6k. While it easily surpassed $61.1k, price action has become choppy as it approaches the golden zone. We might see a retest of the $61k support level before another attempt to break the golden zone. If successful, the target is $69.4k.
Nonetheless, we are ready for any possible move. My long position, initiated based on the bullish divergence, is still open. We will react accordingly based on what the market shows us
SELL THE NEWS, BUY THE RUMORS
