BTC_Update 1D
For the past few days, BTC has been in the favor of the bulls. Even after hitting the resistance level several times, it managed to hold and hit the $30k resistance level. This recent rally has been profitable for the market but we never know what will happen in the next hour. As per the analysis, we have a long-term horizontal resistance at $32k and BTC can most likely touch this level and show some correction.
Important points:
1. $30,000 to $32,000 resistance.
2. A correction in the market is needed.
3. MACD showing a temporary bullish crossover.
4. Breaking above the $32k resistance will invalidate the correction.
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@fastscalps
