BTC/USD Time to range !

BTC/USD COINBASE:BTCUSD

haykeensfx

After breaking several DEMAND levels even on H4 timeframe, BTCUSD is now ranging as previously predicted.
Trying to form a SUPPORT level if that could sustain its heights again.

On weekly time frame, price is currently on a long time formed UNTESTED SUPPORT level and below it is another supposed support point at 18k—

However, according to the drawn path (Check CHART ) we are expecting a retracement at least to 34k—- before a possible further fall but in case of any irregularities in the crypto market, retracement might not be necessary !

NOTE: Observe all risk management measures

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