Welcome to this quick BTC update, guys.

BTC is unable to break above the resistance level . We saw some rejections in the last 24 hours but here’s an interesting thing. BTC has formed a supporting trendline of $43k from where we may possibly see a bounce reaching towards the resistance level . BTC may bounce a little higher and then get rejected but if it manages to break through the $46k ceiling then we are good to go. A rejection from the current level could drop the price back to $41k.

I have booked my profits on BTC trade and I hope you did too.

Let me know your ideas and thought about the market in the comments.

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Thank you.