BTCUSD heading higher after retesting 4h support at 22860
So the last post talked about getting the support around 22860 and bounce. It bounced yesterday and again today from that level which is 4 hour support area. Now it has blasted through the recent 4 hour resistance sitting at 23200.
Price is also trading currently above the monthly resistance and inside the weekly resistance zone. Lets watch the price action but it is looking promising. I think it is going to cross the recent high as it has higher probability but before that there could be a retest of 23200 level.
Price is also trading currently above the monthly resistance and inside the weekly resistance zone. Lets watch the price action but it is looking promising. I think it is going to cross the recent high as it has higher probability but before that there could be a retest of 23200 level.
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