The longer a resistance level is challenged, the weaker it becomes.

When a resistance level produces a rejection and a drop is to follow it tends to happen fast…
Look back at 20-Jan. and 10/17-Feb. This hasn’t happen yet…

We see Bitcoin fighting resistance while remaining strong (prices trading above EMA10). This type of price action favors the bulls.

A break and close above $45,850 is needed for Bitcoin to continue up.

A drop can still happen but we have plenty of room to retrace (support) and end up in a higher low.

Higher lows are bullish and tend to lead to higher highs… The bulls are still currently on top.

We need a higher high…
I am still bullish , what about you?

Share in the comments below.

Namaste.