Sidways Movement for BTC at Strong Resistance Zone
It seems like the strenthening DXY has pushed BTC just short of my price target of 46100 region. But slowly the price has been inching its way back up again, having reached my 100 MA price target.
BTC looks like it will be in a sideways movement for now, within the range of 48800 to 49400 - this seems to be the short term resistance zone where BTC looks like its having a hard time getting through. Range may go as low as the 47300 region in the key zone.
Hopefully BTC is retesting the 48000 before heading back up towards 52000 area.
I am open for feedback, suggestions and advice. Thanks!
BTC looks like it will be in a sideways movement for now, within the range of 48800 to 49400 - this seems to be the short term resistance zone where BTC looks like its having a hard time getting through. Range may go as low as the 47300 region in the key zone.
Hopefully BTC is retesting the 48000 before heading back up towards 52000 area.
I am open for feedback, suggestions and advice. Thanks!
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