2021-09-23 13:10:56
$BTC UPDATE VIP: Weekly Chart
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Higher time frames never lie, and it's here where we can really see where the market will be heading in the next couple of months. We've retested our long term point of control at $41,300 and rejected it with strength as you already know, before bounding up over 10% with high volume and strength.
What does this mean for our next move?
It means we're more than likely heading to $50,300 next as yet another mid/long term retest. This key level resistance retest will determine BTC's (and pretty much the entire market’s) fate until the end of the year.
While a break and close above it would take us straight to our current ATH, another rejection would pull price much lower once again, potentially reaching as low as $26,700.
Key Resistance (Breakout Confirmation): $50,316
Key Support (Breakdown Confirmation: $41,297
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By @Crypto_Signal_Leaks
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