$BTC UPDATE VIP: Weekly Chart
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After reing our $43,800 (one of our most important long term support levels) BTC has bounced with decent strength up to $52,000 last week, which hasn’t been strong enough to reach our current strongest resistance at $53,450 however, price action after this has stabilized enough around $49,000 to make a mid term reversal possible.
Where are the probabilities currently tilting?The highest probability scenario is currently a mid term run towards $53,450 (which should occur in the next week), from where price action will determine a high volume break above this level (which would take us straight to our All Time Highs) or a couple of weeks trading again in the range we’re currently at.
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