📌 - Bitcoin Analysis

12H Timeframe

So far, price is moving according to what i have outlined in previous outlooks.

However, it seems to be struggling to go on higher. Still early to say, but there's a big chance things are not strong enough yet for Bitcoin.

For now, I'm going to assume as is, which is price to continue on higher.

But, if price breaks down below that red dashed line, there's a big chance the trend is broken.

$BTC