Rejection on the first attempt as expected!
Weekly Timeframe
Four (4) Hours TF
Since the rejection, looking on the lower TF it shows the support on the 1.2K - 1.3K region, if this fails the next strong area of support is the 900-1K. On this regions we can expect good bounce to the upside and a possible breakthrough of the January 2018 ATH. An easy target of 1.5-1.6K in the short term is expected.
For now, let the market reveal more data to validate this analysis.
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Related Topics: November 2020 BTC Trade
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