BTC/USD - Weekly Chart
Good morning team, no surprises when we saw the price find resistance at $21500. This was a level marked out at the beginning of the year and a zone where we anticipated some resistance. My analysis remains the same. To look for higher, I would like this zone to flip into support. Intraday, the yearly Point of control, has been broken and is yet to be back tested. I would like to see this level tested as this would give us an indication of how strong this current move was.
Last week's price action did happen very quickly, which left behind a lot of inefficacies and value gaps which again could be filled before another leg up in price