As we all know Btc trading above 59k right now as i mentioned previous update it wants to retest broken resistance zone that was 57k to 56k now it's happening.
Now, we have good support at 57.5k to 56k right now and Also bounced back from this zone few hrs ago.
We have strong resistance between 60k to 62k after successfully breakout will see our targets as i said in afternoon update.
Although, it can take 1-3 days because of weekend to break above 62k level but as i said also expecting 1d will close Bullish and said, if closes above 58.5k then good and if closes above 60k then it will be Also good 😊
Well, see how its closes tomorrow morning till then trade safe 👍
As you all know currently Btc trading above 58k approx. Yesterday night btc bounced back from our 56k level.
Now, guys if you remember this chart then according to this btc wants to retest BREAKOUT levels, as we can see on the chart clearly btc retesting previous 1d BREAKOUT levels the BREAKOUT was on 8 August.
Now we have good support on blue trend line and expecting it will hold this and after closing above 58.5k in 1d and above then it will be good for next upward move from current price and expecting today 1d close bullish.
Then next Target will be 62k to 65.5k and then 70k approx.
Although, if negative news comes then it will be invalidate also but still according to chart and TA it's good.👍