Type:
Bullish Rise
Key Levels:
Resistance:
17595
Pivot:
16710
Support:
16090
Preferred Case:
Looking at the H4 chart, my overall bias for BTC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 17595, where the 61.8% Fibonacci line is.
Alternative Scenario:
Price could head back down to retest the pivot at 16710, where the 50% Fibonacci line is.
Fundamentals:
There are no major news.