BTC at the crossroad of 3 impt lines; next scenarios/ levels
BTC in this weekly chart just stopped at the daily ma200 red line.
It stopped at the upper side of a big red down channel .
It stopped at the maroon slotted median line of my Pitchfork .
Although this is more subjective, it also stopped at my violet uptrendline from pandemic low. (I used this line w/c respected several points)
It will be crucial to see how BTC will react in this 46k to 48k zone w/c it has been trading recently.
Break above red channel to see a continuation of recent rally to target 52k resistance.
Rejected at this crossroad with see a retest of 42k H&S neck or even the 37k to 33k zone before finally breaking out of down channel .
Not trading advice
