Previously, we wrote; “BTC, saw a drop last Friday and closed below 100.4K support. Yet Today, BTC managed to trade back above this level and is currently trading at 102K.
We expect BTC to recover back to (103 – 103.5)K range. Before finding some resistance once more.”
BTC recovery back to (103 – 103.5)K range and pushed further towards 106k area. At this point, we deem the 106.5K level as a resistance level. Unless we see BTC breaking above this level, we would expect BTC to pullback.
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