BTC/USDT about to take a decision
Bitcoin has been in parabolic upward movement with a high momentum for a month and there is no doubt it will consolidate sooner or later.
The trend remains bullish at the moment however Bitcoin has to take a critical decision since the price got stuck in between upward trend line and the resistance of 16k
If the price successfully stays above 16k with a momentum we will see another rally to 17k.
Otherwise, there will probably be a sharp pullback to 15k first and the price will test long term trendline.
The trend remains bullish at the moment however Bitcoin has to take a critical decision since the price got stuck in between upward trend line and the resistance of 16k
If the price successfully stays above 16k with a momentum we will see another rally to 17k.
Otherwise, there will probably be a sharp pullback to 15k first and the price will test long term trendline.
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