BITCOIN (BTCUSD): Key Level to Watch

26 de dez. de 2021

Hey traders,

I guess many of you are watching a crypto market on winter holidays.
Here is my brief technical outlook on Bitcoin for you:
even thought from the beginning of December the market remains quite bullish locally,
ahead is a strong resistance cluster.

52.000 - 54.000 is a supply area on focus.
To catch a bullish continuation that zone must be broken first.
We need at least a daily candle close above that to confirm a breakout.
Then a bullish move to 64.000 level will be expected.

While the market is trading below the underlined area,
the closest safest buy zone is around 40.000 levels.

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