#BTCUPDATE
Nothing crazy unexpected from BTC at the moment - expected turbulence around the $60k region, looking like breaking and holding around the $60k milestone which is nice not seeing an aggressive rejection could sell orders be almost exhausted now?
My personal opinion - is still due a large breakout and I think it is going to be up for a track towards FIB 1.618....or 65k, hey whaddayaknow!
The double top is a little concerning although a more aggressive rejection would be expected by now. If we fall below $60k and close on the daily below then, we can see continued downward press but Its still very much game on all the way down to $56k so if it breaks down then chutes out and get rebuys ready around the $57k region.
Nothing crazy unexpected from BTC at the moment - expected turbulence around the $60k region, looking like breaking and holding around the $60k milestone which is nice not seeing an aggressive rejection could sell orders be almost exhausted now?
My personal opinion - is still due a large breakout and I think it is going to be up for a track towards FIB 1.618....or 65k, hey whaddayaknow!
The double top is a little concerning although a more aggressive rejection would be expected by now. If we fall below $60k and close on the daily below then, we can see continued downward press but Its still very much game on all the way down to $56k so if it breaks down then chutes out and get rebuys ready around the $57k region.
