$BTC Bitcoin: Currently in the Strongest Resistance Zone

Although it has made good gains this week, it remains in the resistance zone we have been pointing out for weeks. The price range around USD 95,000 to USD 99,000 is underpinned by strong volume and also contains the important 61.8 retracement of the downward movement since the all-time high.

If the short-term uptrend breaks at the H4 level, a healthy correction of the entire upward momentum since the beginning of April can be expected. Ideally, this should then extend to the USD 84,000 to USD 88,000 region. If the aforementioned trend break does not occur, the ATH region could be targeted next. #Write2Earn