BTC/USD (Pullback to Previous Resistance)

💎Technical Analysis Summary💎


BITSTAMP: BTCUSD


-After the recent breakout above 16k dollars
-Bitcoin found strong resistance at the 16.5k zone
-The price is now pulling back to previous resistance
-This is a good pullback area if BTC can flip to new support
-It is also crucial for Bitcoin because this will decide its next move
-If you are taking this pullback opportunity to rebuy
-Please make sure you have a proper stop loss location
-In case the market decided to go lower and invalidating the Bullish bias




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