Welcome members to this update on BTC .

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BTC has been struggling to break through the $48k resistance level . We can see multiple shadows at $48k which indicates selling pressure but seems like the bulls aren’t over yet. Along with the wicks from above, we can also see a long wick from the bottom. The pressure is from both ends and looking at the entire picture here, BTC should show retracement. If at all BTC retest then we have good support at $45.5k or either fall down towards $44k.
On the other side, if BTC breaks above resistance 1 then we will have a different story to share.

What do you think about BTC? Do you think BTC needs a correction here?

Share your thoughts and views in the comments.

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