$BTC Trying to move higher but whales are selling short.
The cup and handle pattern located on the hourly chart gives an idea of the bullishness which is supported by the RSI. However, it seems that whales are not yet ready to see bitcoin move above US$ 64.000.
Indeed, this is a high resistance area but already fixed twice, the third strike could allow the price to break through and confirm the support but the risk from whales is always there.
The liquidity heatmap shows that we may witness another correction towards US$ 63.000, however, the moving averages are moving in a position to build a golden cross in the next few hours.
The market is confused but there is a high chance that btc will cross US$ 64.000 this time.
If it gets rejected again, get ready to witness the US$ 62.800 zone for support, if it fails, the next support will be at US$ 61.800.
Let's hope we don't see it again.
We want US$ 66.000 this time.