๐จ $BTC I was wrong.
Given that the price of Bitcoin was still trading within a defined range, and that the price was approaching the top of the range and the descending trend line, I was expecting another rejection.
Instead, the price broke through that area strongly and continued rising until it reached $86.9K.
And despite this move, the higher levels around $87.3K still have not been breached, and the aforementioned liquidity pool has not yet been tapped.
This leaves two possible scenarios from here:
๐น Either Bitcoin continues rising directly to break above those upper levels,
๐น Or we first see a retest of the upper range levels before any further upswing.
In any case, I still expect those higher levels to be touched soon.
Given that the price of Bitcoin was still trading within a defined range, and that the price was approaching the top of the range and the descending trend line, I was expecting another rejection.
Instead, the price broke through that area strongly and continued rising until it reached $86.9K.
And despite this move, the higher levels around $87.3K still have not been breached, and the aforementioned liquidity pool has not yet been tapped.
This leaves two possible scenarios from here:
๐น Either Bitcoin continues rising directly to break above those upper levels,
๐น Or we first see a retest of the upper range levels before any further upswing.
In any case, I still expect those higher levels to be touched soon.
