Bitcoin (BTCUSDT)
Bitcoin is once again testing the April trend line at $46,300. It dipped below that mark today, but it’s recovered so far.
If BTC can remain above $46,300 into today’s close, the level will remain intact as support. On the other hand, a close below it flips the area to resistance.
But holding above $46,300 doesn’t mean I’m buying Bitcoin. As I mentioned yesterday, I think there’s a decent chance we see BTC fill the December 4th wick down to $40,000 to $42,000.
Of course, there’s no guarantee of that. But I’ll certainly be a buyer if we see those prices.
