BTC - Key Checkpoint...

9 AguHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 As per my last analysis, attached on the chart, BTC rejected the $50,000 support zone and surged by over 25%.

What's next?

Currently, BTC is hovering around a key rejection level and round number $60,000.

For the bulls to maintain control and push towards $70,000, a break above the $60,000 level is needed.

📉 Meanwhile, the bears can still kick in for one more correction phase especially if the $59,000 support is broken downward.

Which scenario do you think is more likely to happen and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich