BTC update:
After the 4th attempt to break above the resistance, BTC, finally at the 5th attempt broke the resistance which is a good sign. Now, after the breakout, BTC showed some retest and currently bouncing back.
Could this be the bounce we are expecting or will it retest further?
We need to wait for more confirmation on this one. If BTC has to retest further then $47.5k to $47.9k should be the level. Breaking down below these levels will pull back the price up to $45.3k level.
The $50k level is a resistance which BTC is trying to break for quite a while now. Once BTC is through the $50k level then $52k to $53k will be a strong resistance level to break to confirm a higher rally.
We will update more on this. So, stay tuned.
BTC update:
BTC is moving as expected. After the retest and bounce, BTC did not drop any further, It rather rallied higher. Now, BTC must break above the $50k level to make further move.
We will keep things updated as the market moves.
Stay tuned.
Posted Using LeoFinance Beta
Congratulations @dailypriceupdate! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 20 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!