Usually, in a bear market it takes 4 to 5 strikes on the trendline to breakout but since #BTC has been near the resistance for quite a while it is much possible to see a breakout in the next 2-3 days. Probability of a breakout on 3rd strike are more considering the price action on 4H chart.
Although, other indicators on 1D like #RSI and #MACD are not in favor of Bulls so highly likely that we get a #fakeout instead of a breakout. If this happens then a bearish divergence could also form.
On the other hand if we see a rejection on 3rd strike (less likely) then what matters next will be the depth of the dip. I will update you further on this point in future if required.
Let's see what's in store for us but for now I am seeing this next move, which is about to happen, as a Fake pump.
