BTC outlook for 27 April 2022.
After closing strong bearish yesterday, we do see BTC rejecting weekly support around the 37,5k level.
For the bulls: IF BTC can continue to push back upwards and close above the last important support zone around 39,3k it would be a good bullish indication to continue back towards the 40k level.
For the bears: This current push back upwards could be a retest before BTC continues further down towards the next major support zone and to retest my long term trend line. I remain bullish on BTC in the longer term until my long term trend line is broken
For the bulls: IF BTC can continue to push back upwards and close above the last important support zone around 39,3k it would be a good bullish indication to continue back towards the 40k level.
For the bears: This current push back upwards could be a retest before BTC continues further down towards the next major support zone and to retest my long term trend line. I remain bullish on BTC in the longer term until my long term trend line is broken
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