UPDATE on BTC and possible scenarios.
Bitcoin / TetherUS BINANCE:BTCUSDT
We can see how BTC has rebounded from the previos resistance that has now become support in the 44.5k area, there has also been a very big demand area around that 44.5k yellow zone. If we can see a higher high on the path of BTC we could be looking at a possible upward move to the 51k area marked also in yellow following the blue arrow.
My only worry in BTC is that it finds enough selling preassure to break the area marked in red and create a lower low, this could potentially be bearish signal and it would be time to wait or potentially sell. Thank for reading. Analysis by IZAN OROBITG BAENA.
