Bitcoin nicely broke the descending trendline during first H4 candle of week. If we manage to close two H4 candles above the previous weekly Open (91.5k), then I feel this move might sustain and we pump towards 95k.
Closing below 91.5k would make me believe otherwise. The Market has lots of liquidity to offer around 89.2k-89.5k. Mms might just sweep the liquidity before further move.
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📈Bitcoin Chart Analysis 📈
Time Frame - 4 Hour
Bitcoin nicely broke the descending trendline during first H4 candle of week. If we manage to close two H4 candles above the previous weekly Open (91.5k), then I feel this move might sustain and we pump towards 95k.
Closing below 91.5k would make me believe otherwise. The Market has lots of liquidity to offer around 89.2k-89.5k. Mms might just sweep the liquidity before further move.