BTC Update Bitcoin gave a breakout after a few months of cons | Bank Of Binance Vip™

BTC Update

Bitcoin gave a breakout after a few months of consolidation. Now what we are witnessing is a re-test phase which could be seen in-between $42,000 - $40,000 levels. Price should reverse of these levels and create a strong bounce otherwise things can get dangerous.

A failed breakout and breach of $40,000 will open $39,600 next followed by $38,800 - $38,000 levels. April is usually bullish month for Bitcoin in previous years.

On upside we have a CME gap at $53,550 level. This has been a target for market now if we are holding these $40,000 level support. Remember 90% of times CME gaps are filled and back in July we left a similar CME Gap and later filled it.